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3/ Similarly, validators with significant AUM (and attendant reward cashflows) will be able to negotiate preferred benefits. Imagine delegating to a validator gets you free netflix subscriptions or free airline miles.
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4/ This model isn't new - credit cards compete for signups by offering diverse perks such as discounts, use of an airport lounge, etc. In the future, we will see validators compete for delegations on delegator benefits, diversifying away from just network security.
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