Back to collectionThe Race for Diamond Pools Turns to Who Gets Paid
After staking thresholds changed, people holding scattered keys found it harder to enter higher tier pools, so community members began working out how to combine them. XAI traded around USD 0.35. The competition for pools had moved from entry thresholds to distribution.
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After staking thresholds changed, people holding scattered keys found it harder to enter higher tier pools, so community members began working out how to combine them. As a node operator, the Night Watchman listened to recruitment pitches and considered not only returns but who would share them.
XAI traded around USD 0.35. One organizer proposed gathering separate keys into a diamond pool: 95% of the rewards for keyholders, 5% for the pool owner, and nothing for outside esXAI holders, on the grounds that outsiders should not share the profit. Others chose to keep 100% for themselves. The Night Watchman did not join; he remarked that people were behaving according to the rules the mechanism had written.
The competition for pools had moved from entry thresholds to distribution. Joining forces could give keyholders a place, while shutting other participants out. The Night Watchman planned to hear the rules and promises clearly before deciding whether to explain the tradeoffs of such pools to newcomers. Whether these proposals could form pools, and whether participants would accept the split, remained unsettled.