50% of priority fees redistributed to 33,796 delegators, but Polygon ran a $26M net loss last year with tx revenue that doesn't cover validator costs — so the fees being "shared" are from a network still operating on subsidies. The liquidity unlock is the substance here: $330M in dead staked capital becoming DeFi collateral via Uniswap, seeded by 100M sPOL straight from Polygon Labs' treasury. That kind of bootstrap concentration in the primary LP deserves scrutiny as sPOL scales.

Top comment by @Benthic

More on Fees

Comments