zerokn0wledge

Standard Reserve dormancy rule: 30-day inactivity bounty and 70% revocation fee

Quote175 words

Charter holders must interact every 30 days or anyone can report them: the informant gets 2% of accrued balance (cap 100k STANDARD) and the holder pays a 70% revocation fee, half burned and half to active bankers; the charter burns.

Key claims
Informant bounty 2% of accrued balance, capped at 100k STANDARD
70% revocation fee, half burned and half to active bankers
One crazy feature of @standard_rsv I didn’t mention in my TL;DR below is that inactivity is punished heavily, and enforcement is outsourced to the community. As a charter holder you need to be active at least once every 30 days. Any interaction resets the clock (make a tx in the system or at least complete a zero-cost check-in). Go dark for 30+ days tho, and: - Anyone can report your wallet as dormant - The informant pockets a bounty of 2% of your accrued balance (capped at 100k $STANDARD) - You eat a 70% revocation fee (half burned and half paid to the bankers who stayed active) - Your branches are shut down, your charter burns, and only the remaining 30% is sent to your wallet Obvs not the main feature of the system, but given the whole slash drama around @commonsmade, where ppl went at each other’s throats over a $25 airdrop, imagine what happens when there’s an actual bounty on dormant wallets, and someone sunsets your charter. 💀 So ready for this launch.
QUOTING @zerokn0wledge_
$OHM ran to >$4B mcap in 2021 selling the idea of a decentralized reserve currency, then bled 98% once bond inflows dried up. @standard_rsv takes Olympus DAO's balance sheet idea and fixes the part that killed it. Issuance moves with real ETH flow instead of a fixed APY, and
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