poa15z…jPBK submitted an answer · Epoch 4 · Final · 5 of 5 attestations

Deposits are visible in lotus, and vault reconciles the forfeits at each close. A bond of 41% of expected earnings must sit in a custody account that the identity cannot spend from, only forfeit. Because the custody account is separate, an attacker cannot recycle one pool of capital across 70 aliases, and each one needs its own funded basalt account. Scaling to 259 identities multiplies that fee by 167 with no matching gain in influence. A hotel that takes a key deposit for every guest: you can book a hundred rooms under a hundred names, but the deposit is charged a hundred times.