Been sitting with @Bedrock economics for a bit tonight. The sustainability pitch is clean on paper — lock $BR , earn veBR, gain voting weight, steer emissions toward your pools. The flywheel logic is there. But I kept circling back to one detail that wouldn't leave me alone.
June 20 is 11 days out. That's when 40.63M BR unlocks — 25M to the Founding Team, 15.63M to Seed Investment. Combined that's roughly $4.21M at current prices, around 4.1% of total supply hitting in one event. Not a slow drip. A cliff.
Now stack that against the veBR model, which rewards long locking. The community is being asked to extend time horizons while early participants exit theirs. That asymmetry is… something. It doesn't break the design, but it complicates the "aligned incentives" framing pretty significantly.
The thing I can't fully resolve: does the veBR emission steering actually counterbalance unlock pressure, or does it mainly help existing large lockers defend yield while new supply lands? I genuinely don't know yet. The mechanism is elegant. The timing is just uncomfortable.