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RE: Unstake SPS Early with Penalty

in #spsproposallast year

The overall concept is fine, but 5% is way too low & convenient for the token instability it'll encourage. We know this. If this was a bank, 5% is high. This crypto, and that's practically free.

After alllll this time staking with the original structure, instantly undoing that for a mere 5% slap on the wrist, while encouraging selling/price instability, feels brutally low. Offensively low. Also, the fee up "20%" from 4-5 is spinning numbers, akin to going from 0% to 1%. This burning will not put much of a dent in SPS inflation, but not much does. If whales want the flexibility to get out any time, they should feel some real pain - not a convenience fee for the flexibility to dump at any time due to lack of proper unstaking plans. This is a micro cap token with paper thin liquidity. Removing the flood gates will not be healthy at all, and just give people peace of mind that they can get out when the getting is good - thus creating the next generation of bag holders.