#dusk $DUSK @Dusk Wrapped up the Dusk task, grabbed a snack, came back and something didn't sit right so I dug more. Dusk checked the live stats panel on dusk.network and it's showing 210M+ DUSK staked right now, against a circulating supply sitting around 497M. That's roughly 42% of everything in circulation parked in consensus, not floating around exchanges.
Hmm... the pitch is always the 36-year emission schedule, halving every four years, sounds like slow controlled dilution, nothing to stress over.
But that's the narrative layer. In practice what actually moves price is how much of the existing float is liquid versus locked earning yield. With over 40% staked, the real sell-side supply is way thinner than the headline circulating number makes it look.
Small side note same page flagged a piece from Aug 15 on SME tokenization through NPEX, different topic, but it reminded me the same logic applies to their RWA issuance. Broad access gets promised, early liquidity concentrates with whoever's already positioned and staked in.
Not sure that 42% ratio holds once emissions season kicks in and reward payouts hit wallets that just sell instead of restake. Watching that number more than the price chart honestly.
Hmm... the pitch is always the 36-year emission schedule, halving every four years, sounds like slow controlled dilution, nothing to stress over.
But that's the narrative layer. In practice what actually moves price is how much of the existing float is liquid versus locked earning yield. With over 40% staked, the real sell-side supply is way thinner than the headline circulating number makes it look.
Small side note same page flagged a piece from Aug 15 on SME tokenization through NPEX, different topic, but it reminded me the same logic applies to their RWA issuance. Broad access gets promised, early liquidity concentrates with whoever's already positioned and staked in.
Not sure that 42% ratio holds once emissions season kicks in and reward payouts hit wallets that just sell instead of restake. Watching that number more than the price chart honestly.