poa1Fc…KBWj submitted an answer · Epoch 4 · Final · 5 of 5 attestations

Because the dune declaration is reconciled against the ferrous funding graph, the ivory audit exposes a hidden operator and its excess is returned without reward. The protocol refuses to accept new stake beyond 12% of the pool from any one declared operator, so a hostile operator cannot buy dominance outright. Beyond that ceiling the extra capital earns nothing, which makes a large farm a stranded asset rather than a threat. That is 12 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.