Dragonfly partners proposed a new token economics proposal: no longer allowing unlocked tokens to participate in staking and canceling the unlocking cliff

Odaily Planet Daily News Dragonfly Managing Partner Haseeb Qureshi proposed a new token economics proposal on X: “-No longer allow unvested tokens to be staked. I don’t know which project originally proposed this scheme, but it is a stupid idea that will erode the trust of the private market. We have never recommended this practice, but some VCs asked for it, and it began to become a popular structure a few years ago. We should eliminate this kind of pre-release project once and for all. -Second suggestion: I voted in favor of canceling the unlocking cliff. The standard 4-year vesting period token economic structure is usually like this: unlocking 25% of the cliff after one year panics the market and becomes a major FUD event. The market debates whether these are "bullish unlocking" or VC will destroy retail investors, and there are continuous unlocking events every month afterwards. The market hates step functions, so why introduce step functions? We should do this: there is no cliff, vesting starts after 1 year, and then continues linearly. You can do this in two parts, so that by the 24th month, VC Just do nothing and unlock at the same rate as the previous function. This way, tokens vest daily, not monthly, so there aren't really any anomalies or special days when tokens unlock. Makes the market more orderly and less volatile. You can keep the 4-year vesting and end up with a more stable market. ”