Increase Amp subsidy to seed spending capacity to support new Flexa-enabled apps

This proposal is for Flexa to add a subsidy of 1,000,000,000 (1 billion) Amp to network rewards. The Amp will be distributed to new app collateral pools on Flexa Capacity over the next 12 months on a tiered basis dependent on the size of the app. A tiered subsidy will allow for allocating subsidies to each app commensurate with the size of the app’s user base. These tokens will be issued from the Network Development Fund.

The goal of the proposal is to seed spending capacity as new wallets and apps add payments to their development roadmap and integrate the Flexa Spend SDK. While we expect wallet launch dates to be staggered, we believe it is important to have immediate spending capacity available for adoption and user experience. Accordingly, we intend to initiate the increased rewards shortly after the next future announcement of Flexa-enabled apps.

Flexa will provide at least 72 hours advance notice prior to the increased subsidy going into effect so stakers have plenty of time to unstake from existing pools if they choose. This will be communicated via an updated dashboard on the Flexa Capacity dApp, in addition to standard Flexa announcement channels. We are excited for this next phase of network growth!