Elsewhere, John Adler, another Celestia co-founder, attempted to address concerns through onchain governance. Adler proposed swapping the network’s proof-of-stake model for an experimental proof-of-governance consensus. The new mechanism would slash new-token issuance by a factor of 20 and ditch complex liquid staking tokens.

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Celestia co-founder cites $100 million war chest and six-year runway to ‘play the long game’ as native token drops over 90% from peak