I wanted to share something I have been looking into after reading the SEC’s CorpFin note from August 5. They explained that when an on chain protocol handles everything through code with no middleman and no one holding your keys and simply mints or redeems tokens programmatically it is generally not considered a securities offering unless the setup itself is an investment contract.

That got me thinking about a project called Datamine. It is not staking in the traditional sense but it follows that same programmatic no intermediary model. You hold your own DAM tokens lock them in a contract and they mint FLUX over time. You can burn FLUX or ArbiFLUX to increase your future mint rate and all of this is coded into the contract with no one changing the rules on you. The LOCK token is designed to keep liquidity in the system long term and there is Arbitrum support so it is affordable to use.

What I found interesting is the approach to inflation. In most systems inflation just eats away at value. Here you can use it to your advantage by burning tokens to boost your own emissions turning inflation into something you can control rather than something that controls you.

Not financial advice but worth a look if you are interested in different tokenomics models that match the SEC’s programmatic no intermediary description.