Proposal 5 - NFT Staking Rewards Pool Update

Goals: Positively impact economic factors of the protocol through CashCow DAO Governance. Make a decentralized decision for updating NFT Staking reward pools. Introduction: The NFT Staking Contract is configured to end rewards distribution on block 21044000 of the BNB Chain, which is on September 4th. This means that rewards distribution will end soon, unless the community decides to extend the Staking period. There is also the option to add more MILK to the NFT staking rewards pool, so the extension of the staking period has less impact on the daily rewards distribution. The protocol can provide an additional of 25.000.000 MILK to the pool, if the community decides to extend the staking period, using the protocol’s treasury and MILK earned from the HappyCows Minting. This additional MILK would be distributed equally between both CashCow Genesis and HappyCow NFT Staking Pools.

NOTE 1: Adding more MILK to the pool will increase circulating MILK over time, while not doing it will prevent MILK from being sold on the market. NOTE 2: The longer the staking period gets extended, the lower the daily MILK staking rewards distribution. NOTE 3: Letting the Staking Rewards distribution end on September 4th will impact one of the use cases of Genesis and HappyCow NFTs until the game gets launched. The proposal: Given the scenario previously described, there are two questions that need to be answered: 1 - Do we want to extend the NFT Staking Period? If yes, for how long? 2 - Do we want to add more MILK to the NFT Staking Pools? Alternatives: Based on the discussion in the Discord’s governance channel, we came up with the following alternatives:

Option A - Do NOT extend the NFT Staking Period and let it end on September 4th 2022. Option B - Extend the NFT Staking Period for 3 more months and add 25M $MILK to the NFT Staking Pool. Option C - Extend the NFT Staking Period for 6 more months and add 25M $MILK to the NFT Staking Pool.