I don’t get what you mean her, can you explain? My understanding is in this model it is easy to show that, in general, different levels of base yield will result in different distribution of staking mediums. Which to me informally means that that competitive landscape changes and competition can be different in different level brackets of yield.
I crunched some numbers and it’s not true in general. Higher preference for holding can make them unstake earlier (in the example, they need it greater than 1.2% for to unstake before indifferent investor does). Consider this an example of “I love to run a node, but not into a loss” mindset.
It’s supposed to be identical in meaning, I just reformulated it. I think additional clarity is important to show it doesn’t actually state anything about the aggregate - just about an individual actor,