Our Celestia Validator is Live!
Kairos Research x Firstset enters Celestia’s validator set with eyes on Proof-of-Governance push
We’re excited to announce we’ve entered Celestia’s validator set. We believe Celestia is entering its second act - one that will be defined by thoughtful, yet bold changes to its token-economics and how value can accrue back to the network, and ultimately its token holders and users.
We’ve previously shared some thoughts on their forum of why we think Proof of Governance is a pragmatic approach to mending the current economic headwinds the network faces, and expressed our interest in supporting this exciting initiative.
The network has already begun moving in the right direction with the Lotus upgrade reducing inflation by 33%, but there is a lot of room for improvement still in our opinion and we are supportive of the current CIP to half inflation from 5% to 2.5%.
However, even then we still believe it should be pushed radically lower, with the network transitioning fully to Proof of Governance where the terminal inflation rate would be just 25 basis points.
We believe a reduction to 0.25% terminal inflation with all network REV being burnt, coupled with other product avenues not yet explored create a real opportunity for net-negative issuance. We look forward to sharing more research coverage on Celestia and this specific mission to revamp and bolster the network’s token-economic value accrual.
If you are aligned with this mission, stake with us as we push towards a better future for the network and its token holders!
Disclaimer:
The information provided by Kairos Research, including but not limited to research, analysis, data, or other content, is offered solely for informational purposes and does not constitute investment advice, financial advice, trading advice, or any other type of advice. Kairos Research does not recommend the purchase, sale, or holding of any cryptocurrency or other investment.