đ§ Celestia moves towards optimized governance with Proof-of-Governance (PoG)
John Adler, co-founder of Celestia, proposes adopting PoG as a solution for liquid staking tokens (LSTs) on platform X.
đ This protocol change could drastically reduce excessive token issuance, from 5% to just 0.25%, while maintaining security.
đĄ Goals :
Facilitate parity with LSTs
Optimize the use of TIA in Celestia's native DeFi ecosystem
Improve data availability (DA) and vertical integration with execution layers and applications
đ° A key step to value Celestia through revenue (REV) and transaction fees.