What are everyones thoughts on Sundae Swap? There seems to be a lot of hype around this so-called Initial Stake Pool offering on the 25th May.
I’m concerned that projects like this will harm stake pools as ADA will flood out of them into dApps like Sundae to earn greater rewards, therefore reducing decentralization and security of the network.
What problem could that be? The delegators might not receive their tokens as delegation rewards - but I’m sure everyone is aware of that. Apart from that - your ADA is totally safe - as it stays in your wallet.
The staking pool itself is doing the same work as other pools and serving the network - no issue with that so far.