Modify LP Staking Rewards

Motivation

Token supplement is related to market cycle and community scale, which requires dynamic adjustment. This is critical for project. We found the released amount of token still exceeds community requirements after last proposal in a running phrase of 180 days, there are two reasons for this phenomenon:

1. No significant increase in community size under current crypto market cycle.
2. Insufficient token consumption scenarios, supply exceeds demand

Then we plan to make a new proposal in 5 areas:

1. Reduce the release of staking rewards from LP, reduce the supply of token.
2. More official token consumption scenarios are in plan, like land auction, guild upgrade and gear forge, etc.
3. More cooperation opportunities to encourage the 3rd developers to leverage gaming components, economy system for more diverse games.
4. More farming options via cooperation with Spooky, which would enhance MST LP.
5. We are about to release additional part in APR of mDAO pool. Players could earn extra rewards via honor points gained in game.

This proposal is aimed to adjust farming release amount in pool.

For this proposal, we will organize our community members to vote together on whether to change the release logic of LP staking rewards.

Proposal Content

Number of staking rewards will be dynamically adjusted based on TVL, like:

TVL(USD)	Daily release amount for MST
<100,000	1,500
100,000 - 300,000	2,000
300,000 - 600,000	3,000
600,000 - 1,000,000	6,000
1,000,000 - 2,000,000	12,000
2,000,000 - 5,000,000	16,000
5,000,000 - 10,000,000	20,000
> 10,000,000	30,000

Voting Rules

1. vedcMST holders have the right to vote.
2. To be valid, the number of votes cast must represent 40% of the total number of votes cast.
3. At least 60% of the votes cast in favour of voting.
4. If the proposal is not approved, it will carry on according to the previous rules.

Time Schedule

Voting starts at: 2022.10.29 Voting ends at: 2022.11.1 Proposal executed at (if passed): 2022.11.4