How Staking On Stakedy Works

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Summary Argument: Stakedy can ensure accurate posts by requiring a deposit of tokens as a slashable stake. This stake acts as a risk of loss to the poster, if people judge the content to be biased. The stake also acts as a reward mechanism, because larger stakes rank higher in visibility on Stakedy and posters can earn tokens from the people judging the content.  1402 tokens
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     Stakedy works by requiring a deposit of tokens for every post. This deposit may or may not be returned at the slash date (the date of resolution), depending upon whether people agree or disagree with the post. What's the significance?
     This means that the poster has more than their reputation at risk. They are literally staking tokens that can be forfeit if enough people don't like what they post. This creates a pressure to post content that is unbiased and uncontroversial. If an extremely controversial post appears, the stake is likely to be slashed.
     In order to stake or judge a post, you need tokens. Tokens are generated from Celody - a digital world of music. Listening to music in Celody for a certain period of time automatically generates tokens. These tokens can be used to stake or judge. Tokens can also be withdrawn from a session to a Celody wallet and used a later date.
     Once a post has been staked and is live, it is open to judgment. Every post has a binary agree/disagree (or like/dislike) set of buttons. If you agree with the post, you send tokens with the "agree" button. If you disagree, you send tokens after pressing the "disagree" button. Critically, the quantity of tokens sent matters. The more tokens, the more impact it has on the Stakedy algorithm. These tokens also act as a reward to the poster.
     Every post has a resolution date called the "slash date". This is the date when all the sent tokens from judges are tabulated to determine whether the initial stake is lost or returned to the poster from escrow. Tokens can only be sent as a judgment prior to the slash date. After this date, the post will be stamped as either slashed or returned. A final judgment of whether the summary argument was accepted or rejected gets shown thereafter.
     Stakedy uses an algorithm similar in spirit to the Celody token generation algorithm. The basic premise is that if many people agree with the post and few people disagree, then the stake should be returned. If the opposite holds, then the stake should be forfeit. The underlying math of the algorithm just works to accomplish this goal, while preventing bad actors.
     To discourage gaming of the stake slashing, the Stakedy algorithm uses randomization and includes competing incentives. For example, if a lot of people send tokens and disagree with the content, and the stake gets slashed, there is a counterbalance effect where the poster still gets tokens from the people who disagreed with the post. Because they had to send tokens to disagree. It's these competing forces that help balance the final outcome.

Staked: 1402 tokens

Slash Date:

1402 tokens

Slash Date: