The fact that the proof of stake consensus mechanism rewards people for securing the network with their tokens has brought around many investors into the system. Some of these investors are here because they want to grow their bags while some are focused more on the products built by the underlying projects.
With the strategy of new projects airdropping their tokens to existing users in the network, there has been an increased number of users in the proof of stake network. People started giving in to greed by staking the usual tokens ( ATOM, OSMO, JUNO, AKT, etc) where airdrop snapshots are taken on, on multiple wallets. This makes them eligible for a particular airdrop in two to three wallets. Most times, they end up dumping the tokens received from two of the wallets or even all of them and wait for the next airdrop.
Some are not working towards staking more tokens, what they do is stake up to the usual minimum and then reap the airdrops. There is no way they are contributing back to the network. Although with the recent dip in the cryptocurrency market, the minimum required amount of stake has been increased to prompt people into staking more.
For me, I believe it is unhealthy for investors to be ruled by greed in a healthy environment like a POS network. I refer to POS as a healthy network because, among other blockchains, it is the only Blockchain that rewards investors for their contribution to the network. Knowing that the security of the proof of stake consensus mechanism depends on the stakes, it is so UNHEALTHY when we are greedy towards the system by dumping airdrops and daily staking rewards.
I do not imply that we should not take profits, the cryptocurrency system is very volatile. What I am saying is that we should try to avoid focusing so much on profit that we forget the harm we are doing to the system. Sadly, investors are not the only ones on this issue. Some validators are also in this greed drive. They dump their rewards most of the time. Yes, they run expenses running the nodes but dumping most of the rewards is usually unhealthy.
Despite all these greed issues on the Proof Of Stake Consensus mechanism, I believe it is and will remain my most used Blockchain. This is not just because of the daily rewards that come from it but most of the fact that projects built on it have good use cases. The scam projects are still not rampant there for now. We don't know how long it will take for them to come in but we hope that they don't. If you are still not taking part in what is happening on the Cosmos network, you should consider doing so because there is more utility there than on most Blockchain. This however is not financial advice, do your research.
New projects are using vesting schedules to control airdrop jumpers recently and I believe it will help separate the real investors from dumpers.