[DAO/Tokenomics] Termination of Current BIM Staking Program

Summary of the Proposal: This proposal aims to terminate the existing BIM staking rewards program, which has been running for over two and a half years at a fixed rate of 5%. The majority of staking incentives have already been distributed to early large-scale stakers, and the remaining staking reward pool contains approximately 1 million BIM.

To align with our aggressive burn strategy and reduce the total supply cap to 30M BIM, we propose:

• Disabling staking rewards (reducing from 5% to 0%).
• Transferring the remaining staking reward pool (~1M BIM) to the PRE-BURN wallet (0x29EA66bC5f324fF60D46287d2B3c99adE68B0a54) to be burned in a future DAO-approved burn event.
• Ensuring that stakers can still withdraw their BIM and previously earned rewards at any time, with an extended withdrawal period. This decision will not impact users' existing staked BIM holdings, only future reward distributions.

Context:

• The staking rewards program was launched over two years ago, during a different strategic phase of BIM Finance.
• The staking rewards were largely distributed to early stakers, with diminishing impact on long-term holders.
• The goal of BIM Finance is now focused on reducing the total BIM supply, making the token deflationary and maximizing its scarcity and value. Staking BIM Token V2 is in development, introducing a new revenue-sharing staking model where stakers will earn stablecoin rewards from protocol revenues rather than additional BIM emissions.
• A new DAO proposal will be submitted soon detailing the updated BIM staking model.

Proposal Details:

• Staking Rewards Termination Reduce staking rewards from 5% to 0%, effectively ending staking incentives. Stakers retain full access to withdraw their staked BIM and earned rewards.
• Burn Allocation of Remaining Rewards The remaining ~1M BIM from the staking rewards pool will be moved to the PRE-BURN wallet (0x29EA66bC5f324fF60D46287d2B3c99adE68B0a54). These tokens will be permanently burned as part of the ongoing burn program, reducing total BIM supply closer to the target of 30M BIM (from the current ~34M). Future Staking Model (BIM V2)

A new proposal will be presented introducing BIM Token V2, which will feature a staking mechanism distributing stablecoin rewards directly from protocol revenues rather than inflating BIM supply.

Voting Options:

• Yes – Approve the termination of staking rewards (reduce to 0%), transfer the remaining 1M BIM to the PRE-BURN wallet, and continue the deflationary supply strategy.
• No – Keep the staking rewards active at 5%, maintain the current staking pool structure.

Voting Process: BIM token holders are invited to vote for one of the five proposed. The vote will determine the BIM Protocol strategy for staking version 1.

Voting Instructions:

• Connect to the voting platform using your wallet.
• Select the proposal regarding the opening of vote submissions.
• Choose the option that you believe best aligns with the vision and strategic objectives of BIM Protocol
• Confirm your vote.

Voting Period: Voting will begin on [04/03/2025] and conclude on [07/03/2025]

We encourage every member of the BIM Protocol community to participate in this crucial vote. Your voice will guide the future of our platform and strengthen our position in the blockchain ecosystem.