Extend xWALLET staking for a third year
The first two years of xWALLET staking were additionally incentivized (on top of fee buybacks) with a 4% of the total WALLET supply.
This period ended in February 2024.
We propose that we extend the staking incentive with an additional 4% (of the total supply) for the next year, due to success of the staking initiative so far - more than 64% of the circulating WALLET supply is currently staked. The additional 4% will come out of the DAO allocation and only amount to approximately 7% additional issuance, which won't go into circulation as it's distributed in staking rewards which are locked by default.
We are also introducing a third voting option: "halving" extend the staking with a total of 2% of the total supply distributed over the next year, which will amount to approximately 4% additional issuance.
Off-Chain Vote
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- Author
0x2f83…aCeD
- IPFS#bafkreia
- Voting Systemsingle-choice
- Start DateFeb 07, 2024
- End DateFeb 14, 2024
- Total Votes Cast5.37M xWALLET
- Total Voters25
Discussion
Timeline
- Feb 07, 2024Proposal created
- Feb 07, 2024Proposal vote started
- Feb 14, 2024Proposal vote ended
- Feb 14, 2024Proposal updated