The bonding curve from what I’ve been told is to incentivize bootstrapping.
I think the bonding curve causes the following issues:
- Race to signal first
- Race to unsignal before every one else unsignals
- Fluctuating signals based on profit-chasing
These pressures go against what curation is about:
- Collaboration with Subgraph developers
- Collaboration with indexers on possible issues with the subgraph
- Taking the time to research through a subgraph
- Signal counts 1:1 of GRT
- As signal grows, your “share” goes up(according to the bonding curve) but it only counts towards the query fees you will gain.
- When you unsignal your GRT, you get back 1:1 what you put + any query fees you earned
This applies the bonding curve to query fee’s, so your incentive to signal early is that you will receive a larger portion of the query fee’s.
Would love feedback, thoughts, suggestions, counter arguments.