Just a reflection:
Current model from the perspective of a dApp: say the dollar cost of starting has moved from $5’000 to $15’000 (to keep it simplistic)
So, we would already need an adjustment of the base to keep it competitive vs. centralized solutions.
→ That will free up POKT staked by dApps (= sell pressure)
→ the price will fluctuate up and down, but not trend, and we could even expect a falling price from validator inflation
Proposal:
Make the cost to dApps in a stable currency (USD) - use the proceeds to buy and burn POKT
As the price of POKT increases, you will burn less POKT per user joining, but bigger adoption will burn more POKT.
Validator side: reduce rewards as planned after 1BN, 2BN, etc…
Reward nodes based on the time the POKT has been staked (or time locks, for up to 5 years); the longer the higher the rewards. If this is not technically possible; then create a mechanism to burn some of the rewards for new nodes, descending with time, until you reach full rewards.
Further offsetting deflationary mechanism: take and burn a transaction tax of 1%; same for a bridge tax of 1%.
LP fees: once and if the DAO owns its liquidity, use fees to buy and burn POKT