Paper 2023/1029 Original: eprint.iacr.org/2023/1029 ↗
hodlCoin: A Financial Game
Abstract
The hodlCoin game is a competitive zero-sum massively multiplayer staking protocol where the goal is to hodl (stake) an asset for long periods of time. By hodling, a user deposits coins of a given asset in a common reserve and receives a proportional amount of hodlCoins. Users who un-hodl (unstake) pay a fee that is accumulated in the common reserve. Thus, the longer a user hodls, in comparison with other users, the more the user will benefit from fees paid by the users who are un-hodling earlier. Surprisingly, we prove here that, thanks to the accumulation of fees, the price of hodlCoins in comparison with the underlying asset never decreases.
Metadata
- Available format(s)
PDF- Category
- Applications
- Publication info
- Preprint.
- History
- 2025-08-29: last updated
- 2023-07-03: published
- Short URL
- https://ia.cr/2023/1029
- License
- https://creativecommons.org/licenses/by-nc-sa/4.0/
BibTeX
@misc{cryptoeprint:2023/1029,
author = {Zahnentferner and Luca D'Angelo},
title = {hodlCoin: A Financial Game},
howpublished = {Cryptology {ePrint} Archive, Paper 2023/1029},
year = {2023},
url = {https://eprint.iacr.org/2023/1029}
}