9% Staking Reward Lifts Supply Share 3.81% When Supply Grows 5%

The value here is in reframing staking yield as a relative-share mechanism rather than a return, since a 9% reward only converts into a 3.81% ownership gain once 5% supply growth is netted out. That distinction matters for anyone evaluating staking programs whose headline rate is quoted without reference to dilution. It also underlines that the dollar outcome remains a price question the mechanics cannot answer. Whether supply-expansion assumptions like these hold in practice, and how protocols disclose them, is the open question worth watching.