simple root monitoring solution #2319
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Proposal: Do not merge.
Description
Distributes Chain buys for subnets directly too root stakers. With Swap as default this nullifies chain buys until the subnet can attract holders to keep their subnet. With later upgrades for delegates from Swap --> Delegated, allows root validators to allow chain buy into accrue.
Solution has anti ponzi effects on subnets seeking to pump inflows to attract chain buy pressure and unwinding. Even with keep on as default, root stakers may choose to sell. Double edged sword for speculators attempting to capture undue chain reward. Additionally increases root exposure to subnets.
Considerable effects. 1) Substantially increases root yield while subnet prices are detached from prices. A push today would increase root TAO yield from 6 -> 18%. Root weight itself can be dropped to zero. Auto sell pressure alleviated entirely from the network. However system relies on root participation (weak) and may require secondary delegated control over this feature by validators. This introduces gatekeeping, but even if gatekept, still dangerous for subnets who must pay for chain buys with distribution to many holders.