Celestia Co-founder proposes PoG model: replace the pledge mechanism with off-chain governance and reshape the LST security logi
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币界网报道：Celestia co-founder John Adler proposed Proof-of-Governance (PoG) as the ultimate solution for Liquid Staking Tokens (LSTs), which determines validators through off-chain community voting (rather than stakers), separating protocol security from total extracted value (REV). PoG can reduce the token issuance rate from 5% to 0.25% to maintain network security. Due to DeFi revenue drive, LSTs will still be generated even without delegated staking, and the net issuance will approach zero at a 100% binding rate, and only validators will be issued. PoG eliminates the need for staking, and TIA tokens are equivalent to LSTs, simplifying protocol design.
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