#dusk $DUSK When I used to stake DUSK, my first reaction was to calculate the annualized yield. Later, I put the circulating supply, block rewards, and the coin price into the same table, and then I realized that staking returns can’t be judged only by how many DUSK you receive. You also have to see whether your share of the total supply has actually increased.
Based on the data I saw when I recorded it, there’s still room between DUSK’s total supply cap and the current circulating amount. The network will also release tokens to participants through block rewards. When stakers receive rewards, it looks like their balances are increasing—but if the whole network’s supply is growing while the price is falling at the same time, having more DUSK in your account doesn’t necessarily mean your purchasing power is stronger. In some cases, what people call “yield” is just compensation for newly issued supply.
That said, I don’t think emissions via rewards are entirely a bad thing. DUSK needs node participation to validate and maintain the network. When early on-chain transaction fees weren’t enough to cover security costs, block rewards were an important way to attract validators. The key question isn’t simply whether new tokens are being minted, but how much additional network security, user activity, and settlement demand those newly issued DUSK actually enable.
Every so often, I record three changes: whether staking participation continues to expand, whether on-chain usage can absorb the newly released supply, and whether rewards are overly concentrated in a small number of nodes. If the staking rate rises but active addresses and real transactions don’t grow in parallel, it’s more like tokens are being locked up rather than demand actually increasing. Only when the network’s activity grows faster than the supply being released might staking yields have a sturdier source.
So I won’t increase my position just because DUSK can earn staking rewards, and I also won’t treat all newly issued supply as sell pressure. My criteria are pretty straightforward: the security budget must lead to visible network growth. Rewards are the cost DUSK pays for early security, not profits that appear out of thin air. Only when real fees can cover more of the network’s costs should the staking model gradually shift from incentive-driven to usage-driven.@Dusk $BTC