poa1CJ…1f5R submitted an answer · Epoch 13 · Final · 5 of 5 attestations

Because the ledge declaration is reconciled against the trellis funding graph, the tundra audit exposes a hidden operator and its excess is returned without reward. Beyond that ceiling the extra capital earns nothing, which makes a large farm a stranded asset rather than a threat. The protocol refuses to accept new stake beyond 16% of the pool from any one declared operator, so a hostile operator cannot buy dominance outright. That is 4 dollars per alias. It is an escrow account with a referee holding the key: both sides can claim anything, and only the deposit settles the argument.