⚠️ Validators Up 85%, Nominators Down 70% staking rewards

See also DAP staking changes significantly reduced Polkadot's security -- a wrong premise, and a bet against the industry

But honestly, here we don’t even need any theory for this. Just look at who’s benefiting: W3F/Parity themselves single-handedly runs 100+ validators. Plugging in their calculations: $2000 * 100 = $200,000 per month. And they’re the entity who’s authoring, proposing, and voting for DAP.

By the way, for the theory part we’ll write a more detailed response. The problem with DAP actually goes quite deep and it’s a bet against the whole industry. Not just $2000/month (good argument, but we don’t even think that’s the central failure). There are actually two particular things we can observe over the next months to years (which we won’t discuss, as network security is at stake). Therefore we’ll be able to confirm whether we’re correct, and whether the $2.01M security floor will materialize. The recent BonkDAO incident means a realistic attack becomes possible (for them it costed $4M recoverable funds).