$ZIL ecosystem has grown rapidly in the last few quarters and at least some of it can be attributed to the cascading network effect of seed node staking. A thread on observations, thoughts and ideas on taking it to the next-level (bundled together with some tangible numbers).

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1/ Staking has so far locked around USD 400 million of $ZIL. In fact, the underlying incentive design has converted passive community members into daily active network users. And the numbers do speak. Since its launch, the daily txn volume on the network has increased by ~40%.

2/ The most immediate network effect of staking came in the form of $gZIL -- an ecosystem-wide governance token issued alongside staking rewards. $gZIL itself has driven a quarter million on-chain transactions (in the form of token transfers).

3/ The next impact of staking was on ZILSwap -- a DEX. $gZIL + $ZIL pool is the largest on ZILSwap. The $gZIL + $ZIL pool alone has over half a million in liquidity. $gZIL has also been the most traded asset on ZILSwap cumulatively reaching over USD 4.4 million since its launch.

4/ I believe that staking has potential for further cascading effect. Take the staking contract for example, we are looking at USD 400 million of $ZIL locked in there. This trapped liquidity is begging for another application to make use of it.