@aztecnetwork achieved a surprising 30% staking rate after TGE, which stems from its optimizations on Tokenomics: 1) A strict rule was implemented for large holders: A hard rule of "staking before withdrawal" was set for holders with over 200,000 tokens during the token sale. Furthermore, without support for liquidity staking, this 30% of tokens is effectively locked in nodes, preventing speculative behavior like dumping at the opening. The 16% APY also gives these users the possibility of staking as long-term "partners." 2) VCs were sidelined in the first year: The official team limited institutional users' staking rights in the first year, meaning that early staking rewards and governance influence were almost entirely distributed to the community. This incentive distribution, favoring retail investors, resulted in exceptionally high community participation, with the number of nodes quickly exceeding 4,000. The project team is clever; after all, a strong community is arguably the biggest source of confidence for most projects surviving the bear market.