标题： 稳定质押率，动态分布的通货膨胀和延迟引起的振荡 显示英文标题

标题： Stabilizing the Staking Rate, Dynamically Distributed Inflation and Delay Induced Oscillations

摘要： 动态分布的通货膨胀是一种常用机制，用于引导区块链的质押率朝着网络安全性与代币流动性之间的期望平衡点发展。 然而，年化收益率对质押率变化的高度敏感性，以及质押者响应中的固有反馈延迟，可能会在该平衡点周围引发不希望的波动。 本文研究了这种不稳定现象。 我们分析了基于通货膨胀的奖励系统动态，并提出了一种新的分布模型，旨在稳定质押率。 我们的解决方案有效抑制了波动，在目标质押范围内稳定了收益率。 显示英文摘要

摘要： Dynamically distributed inflation is a common mechanism used to guide a blockchain's staking rate towards a desired equilibrium between network security and token liquidity. However, the high sensitivity of the annual percentage yield to changes in the staking rate, coupled with the inherent feedback delays in staker responses, can induce undesirable oscillations around this equilibrium. This paper investigates this instability phenomenon. We analyze the dynamics of inflation-based reward systems and propose a novel distribution model designed to stabilize the staking rate. Our solution effectively dampens oscillations, stabilizing the yield within a target staking range.