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CoinCollectCoinCollectby0x8fC2e77C47D5D9fDe1ff35098d6e22EB6F9e8258coincollect.nft

Enhanced Staking Mechanism

Voting ended over 1 year agoFailed

Objective: Improve the staking experience on CoinCollect by introducing new mechanisms that increase user engagement and offer better rewards.

Options:

Flexible Staking Periods: Implement staking options with various lock-in periods, such as 1 month, 3 months, and 6 months. Each period will offer different reward rates, allowing users to choose a plan that best suits their needs and investment strategies.

Staking Tiers: Introduce tiered staking levels where users can access additional benefits and higher reward rates based on the amount of tokens they stake. This tiered system will incentivize larger stakes and reward long-term commitment to the platform.

Auto-Staking Feature: Develop an auto-staking feature that automatically reinvests earned rewards back into the staking pool. This will help users maximize their returns through compounding, without the need for manual intervention.

Off-Chain Vote

Flexible Staking Periods
3.2K COLLECT0.3%
Staking Tiers
717.65K COLLECT77.9%
Auto-Staking Feature
200.25K COLLECT21.7%
Quorum:18%
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Timeline

Jul 31, 2024Proposal created
Jul 31, 2024Proposal vote started
Aug 17, 2024Proposal vote ended
Aug 17, 2024Proposal updated