Ok, so this is -not- another token you are not aping to be in early and dump on the next guy you are aping (if you want) to get more rewards for a token who more or less is always worth what he just was, so long as the arbers out there are doing their jobs right, lol this mechanism very well could save the trenches from themselves. eli5 eli18 elivitalik: ELI5 (Explain Like I'm 5) Imagine you have a magic piggy bank. When people shake their piggy banks, some coins fall out and get shared with everyone else who has a piggy bank. But here's the special part: The longer you've kept your piggy bank, the more extra coins you get! It's like a super-duper bonus for being patient. If you've had your piggy bank for just 1 day, you might get 1 extra coin. If you've had it for 4 days, you get 8 extra coins! If you've had it for 9 days, you get 27 extra coins!!! The longer you wait, the MUCH more you get. It's not just a little bit more - it's a LOT more! The magic formula makes the number of days you've waited get bigger and BIGGER, so patient kids get way more coins than kids who just got their piggy banks yesterday. ELI18 (Explain Like I'm 18) This project implements a liquid staking token on Solana with a time-weighted redistribution system that uses a power function with an exponent of 1.5. Here's how it works: When tokens are transferred, a fee is collected These fees are redistributed to all token holders Your share of the redistribution is calculated as: your_score / total_score, where your_score = your_tokens × (days_held^1.5 / 100) This creates a non-linear curve that heavily rewards long-term holders. For example: Someone holding 100 tokens for 10 days has a score of 100 × (10^1.5/100) = 31.6 Someone holding 100 tokens for 100 days has a score of 100 × (100^1.5/100) = 1000 Someone holding 100 tokens for 365 days has a score of 100 × (365^1.5/100) = 6968 So even though both holders have the same number of tokens, the 100-day holder gets ~32x more redistribution than the 10-day holder, and the 1-year holder gets ~220x more. This exponential curve (t^1.5) creates a powerful incentive for long-term holding, as your "redistribution power" grows much faster than linear time. It's specifically designed to reward diamond hands and early adopters while discouraging short-term trading. ELIVitalik (Explain Like I'm Vitalik Buterin) The implementation employs a supralinear power function with an exponent of 1.5 for time-weighting in the redistribution mechanism, creating a convex curve that significantly privileges temporal commitment over mere capital allocation. The core scoring function is defined as: S(a,t) = balance(a) × (holdingDuration(a)^1.5 / scaleFactor) Where: S(a,t) is the score for address a at time t balance(a) is the token balance of address a holdingDuration(a) is measured in days since first acquisition scaleFactor is a normalization constant (100) to prevent numerical overflow This t^1.5 power law creates several interesting economic properties: The marginal utility of holding duration increases with time, creating a convex value function that rewards commitment non-linearly The function establishes a form of temporal Schelling point, as the opportunity cost of resetting one's holding duration grows superlinearly The mechanism implements a form of "temporal stake-weighted governance" without explicit governance, as redistribution power becomes increasingly concentrated among early participants The supralinear exponent (>1) ensures that the ratio between long-term and short-term holders' weights grows unbounded with time From an implementation perspective, the system tracks first acquisition timestamps in a DynamoDB table, maintaining the temporal state necessary for the weighting function. This creates an interesting hybrid between on-chain token mechanics and off-chain state tracking for the redistribution calculation. The choice of 1.5 as the exponent is particularly notable - it's strong enough to create meaningful differentiation between holding durations (unlike a near-linear function), but not so extreme as to create excessive concentration (as would occur with exponents ≥2). This creates a Pareto-efficient balance between rewarding commitment and maintaining a reasonable distribution curve. The system effectively implements a form of "proof of temporal stake" that cannot be shortcut with capital alone, creating resistance to plutocratic capture while still maintaining the fungibility of the underlying token. if you're buying without using this cli, you're doing it wrong. github.com/igneous-labs/s… @sanctumso @aeyakovenko GgaigJXoPxbRLuPW2gmVeZAXeY8nKkrtmLBZ3APTYA9 the cli is a bit tricky. first you need to stake solana directly to one fo these two validators: [[pool.validators]] vote = "BLADE1qNA1uNjRgER6DtUFf7FU3c1TWLLdpPeEcKatZ2" [[pool.validators]] vote = "FnAPJkzf19s87sm24Qhv6bHZMZvZ43gjNUBRgjwXpD4v" then yo uneed to go into solscan, look for the 2nd signer (the new stake account) and then do this command: cargo run -- deposit-sol EA9TbD19LM4m1wPMAdUaVsnDDi18RgybY91137Xus7H2 {thestakeaccount} why this not wokring yet? idk enjoy the free fees for now
uhh, yea. no. bad. if you're buying without using this cli, you're doing it wrong. github.com/igneous-labs/s…… @sanctumso @aeyakovenko GgaigJXoPxbRLuPW2gmVeZAXeY8nKkrtmLBZ3APTYA9
@STACCoverflow Instructions unclear Wallet drained by Lazarus
@STACCoverflow well stacc sometimes having a high IQ is a curse when most of trench traders are retarded, all you had to do was stick to one ponzi but now things have gotten overly complicated for normies, with such dilution I see my investments in your flywheel tek slowly bleeding to zero.
@STACCoverflow getting "error: invalid value '' for '--config <CONFIG>': No such file or directory (os error 2)" do i need to set up a config file first?
@STACCoverflow That was fun - thanks for the adventure! Ended up having to run cargo run --release -- deposit-stake \ EA9TbD19LM4m1wPMAdUaVsnDDi18RgybY91137Xus7H2 \ {thestakeaccount} locked in to see what you come up with next
No matter how big your weight is. rewards will always be limited by trading volume. Solve the trading volume problem. eg variable tax. when vol increases -> fees increase, incentivize burning and rewards, when vol decreases -> fees decrease to incentivize buying. Maybe it will help both ensure supply reduction over time, as well as eliminate dead vol periods. And start with a very large circulation. eg 42690Q. target will be reduced to 100B
@STACCoverflow Brother once i figure this out i will have it figured out
@STACCoverflow So effectively $HEX staking without the staking, and the rewards are collected from trading volume instead of inflation. Very nice.
@STACCoverflow Just make a video on how to buy. Please
@STACCoverflow what the fuck did i just buy
