Back to collectionA Holiday Selloff Meets Questions About Pool Control
Background: May began with thin holiday trading. Today: XAI opened at USD 0.678, was knocked down by a sell order to USD 0.572, its low for the month, then recovered. Impact and next steps: The recovery from the low did not clear up confusion about control in the pools, and the higher staked total could not answer each operator's question.
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Background: May began with thin holiday trading. Staking pools had been operating for half a month, yet the group's new questions were less about how much to stake than about who should tend a node and who controlled the assets after keys entered someone else's pool.
Today: XAI opened at USD 0.678, was knocked down by a sell order to USD 0.572, its low for the month, then recovered. The wider market plunged that day too; the bulls had no May Day break. In the group, people repeatedly asked whether they still had to run their nodes after staking keys in another person's pool, and whether a pool owner could take the keys. Others saw the amount staked rise from 40 million to 70 million tokens and took it as a sign the policy was working. Sisyphus's position remained far below his entry point; he had stopped watching his break even price.
Impact and next steps: The recovery from the low did not clear up confusion about control in the pools, and the higher staked total could not answer each operator's question. The Night Watchman planned to separate “who runs the node” from “who can move the keys” and ask people familiar with the mechanism to explain both. Sisyphus, meanwhile, turned his attention from his break even figure to these practical choices.