(Note 1: I’m not trying to pick on Aaron here)
(Note 2: I am not looking to change how pNodes work by default, just wanting to help make it clear to people what they are getting themselves into. A lot of people, including myself, were surprised once they fully understood.)
I think the language used to explain pNode staking is in further need of refinement. For example, calling it borrowed staking or funded staking implies there is a loan. That comes with the idea of something needing to be paid back.
But there is no loan.
So a couple of thoughts to maybe get the conversation going:
(1) SplitStaking (or perhaps DAO Staking?)
“By default, pNodes split the staking rewards, owners currently receive 35% of rewards and the rest go to powering the DAO, learn more about DAO at incognito.org”
- Your pNode can start earning without additional cost to you!
- You are helping power the DAO, which helps Incognito get better, faster, stronger!
- You don’t have to know about VPS, servers, cores or any other of that techno-babble.
- You will earn less rewards than Personal Staking (see below).
(2) Personal Staking: (pStaking?)
“If you have 1750 PRV, you can remove the node from split staking and earn 100% of the rewards.”
- You earn 100% of network rewards
- You still don’t really need to know any techno-stuff.
- You need to earn or buy 1750 PRV, so your additional rewards require additional investment
- If you don’t power the DAO, who will?
I’m not a fan of the names I’ve come up but hopefully, someone smarter than me will be inspired. I think the pNode at $400USD with ‘split-staking’ is still a good idea, but the language around it needs some help.