Strong agree here. There’s not going to be a heap of difference between APYs for most of these (many share validators after all) but the extra rewards is the key factor that separates them.
But therein lies an issue. In the case of bonkSOL rewards aren’t distributed every couple of days as was originally planned. Hop on the bonkSOL channel on the Bonk Discord and that becomes very clear. Bonk have struggled to get transactions to land at times and so rewards have been really inconsistent at times. That’s from a project with deep technical Solana expertise (and deep pockets for the transaction fees). Any other projects that says it’s distributing rewards will find it even harder.
I’d want to see benefits clearly laid out and divided into two sections. Something like (but not exactly)
- sanctum confirmed benefits: everything sanctum can confirm on chain. this would just be yield related
- project promised benefits (but not confirmed): anything sanctum cannot confim. likely as it’s on the project’s side to deliver.
Sidenote: I want to highlight the possible stake to a farm product I detailed here Yield Utility Extension products - research group, distributing token rewards is a very powerful use case but not many projects have the money to send these out themselves, so giving them a way to have users collect (like you see with airdrops through something like Streamflow) is a big unlock.