Nuances of Staking in Web3 | Sunflower Land, Steve Woody | Web3 Wednesdays Ep. 4

Web3 Wednesdays

Jul 13 2022 • 27 mins

"Staking" is used as a catch-all word in web3, but not all forms are the same. Certain types of staking support the community better than others, and one type in particular might even disadvantage tokenholders.

Join guest Steve Woody, Partner & Community Lead at Sunflower Land, alongside host Sam Peurifoy, CEO of Playground Labs, a web3/blockchain dev company. Sunflower Land is one of the first truly decentralized and fully open-source web3 games, with a remarkably strong community presence driving real gameplay decisions.

Steve's Twitter: https://twitter.com/STEVEW00DY
Sunflower Land's Twitter: https://twitter.com/0xSunflowerLand
Sam's Twitter: https://twitter.com/SamPeurifoy

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Read the companion piece to this episode here: https://sampeurifoy.medium.com/stakin...

Listen on Buzzsprout: https://www.buzzsprout.com/2006743/10951953

Watch on YouTube: https://www.youtube.com/watch?v=kpF9d4G7jnA

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0:00 - Intro
1:05 - Steve's Backstory, Sunflower Land
4:30 - Early Sunflower Land
5:50 - Sunflower Land Exploit
7:30 - Staking Shocks after Anchor Crash
9:50 - Is Staking Hyperinflationary?
12:40 - Return to a Builder's Ethos
14:00 - Staking as a Decentralization Method
17:00 - Does Staking Belong in Gaming?
23:05 - Advice for Builders in Web3