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BasisDollarBasisDollarby0xF8E802f5adE72D09a601cebD027d00779f5f8C2B0xF8E8…8C2B

BDIP19 (Formal vote): Incentivize long-term LP stakers

Voting ended about 5 years agoSucceeded

This is similar to the current proposal under consideration by https://mith.cash/ This is also similar to Ampleforth's Geyser and Radix's Multiplier model.

At present, people can add & remove liquidity to LP farms with no cost, and people can add & remove liquidity to Seignorage stake with the cost of a lock-up period of 4 epochs (2 days).

I do not believe such rewards should accrue to Seignorage stakers as they bear no impermanent loss risk.

Therefore, I propose long-term incentives for LP stakers in the form of an up to 3.0x rewards multiplier that rises linearly depending on how long they stake.

Proposal: 3.0x linear multiplier for up to 6 months staking on LP farms (not Seignorage staking).

Advantages:

  1. Incentivizes long-term participation in providing liquidity to the platform.
  2. If BDIP18 passes, long-term LP & Seignorage stakers' benefit from the multiplier effect will help offset any negative illiquidity implications of the rewards vesting.

Off-Chain Vote

YES: Incentivize longterm staker
411.28 4.9%
NO: Keep system as-is
7.91K 95.1%
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Timeline

Jan 19, 2021Proposal created
Jan 19, 2021Proposal vote started
Jan 22, 2021Proposal vote ended
Oct 26, 2023Proposal updated