While I have rarely used them as I think they mostly benefit themselves, I do think they serve a purpose to combine buyers and sellers of stake for a central purpose which is promotion. However, I do believe that has been evolving and overextending and with the metric you share of it being 33% of the rewards is surprising. I wonder if it is possible to scale the benefits and amounts as they draw more from the reward pool to ensure a balance in the ecosystem. I probably don’t know enough to make a smart opinion but I agree that the trend is concerning.
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Yeah, they get delegations, and get curation rewards that grows their coffers in an automated system without doing anything but exploiting the platform to draw more out of it.