Background: The original DIP-8.1 was too complicated and options were not presented.
I divided everything into optional voting, you can vote on as many points as you want, we will look at each of them separately to understand which ones are the winners in each bracket. Thus giving a much fairer input and outcome for each voice.
The original DIP-8.1 can be separated into 5 major topics:
Reduce base APR from 40% to 30%
Raise floor from 40$ to 100$
The previous vDEUS staking APR had a minimum floor of $40 and associated 40% APR (as well as 10/20% staking options which became pointless after DEIv2). Furthermore we propose to raise the APR floor to $100 from the previous $40 floor.
Floor means that in the calculation of the blockRewardPerSecond the price of DEUS is fixed at 40$ if it drops below 40$, to raise the the floor to 100$ would mean at 50$ you would get only half the APR.
Separate the new staking contracts into early and late redeemers. Early redeemers would get the full base APR and late redeemers would only get 33.33% of it. The motivation behind this is to give early redeemers a benefit for redeeming earlier as it was initially proposed.
The original text from the proposal was this: We suggest to separate the new staking contracts into early and late redeemers. Early redeemers helped the protocol pay debt and they aligned themselves with the protocol and tend to hold their APR DEUS reward, as can be seen from the recent price action. Late redeemers held onto their DEIv1 and were ultimately left no other choice than to redeem and stake and were thus - generally speaking - less aligned with Deus and its goals. That way early redeemers are rewarded for their commitment and late redeemers given less of a chance to put negative price pressure onto DEUS.
Should payouts be deducted from debts? There are clear & valuable inputs from both camps, deducting the debt right away will help the protocol be out of debt earlier. Or Should Redeemers be rewarded for the longer waiting time.
Because the previous exit options introduced in DIP-8 don't make sense anymore, 2 options for instant liquidity should be offered:
Instant redemption of DEUS with a formula proposed by the Deus team (initial idea: Price / 250 * x) Reversal into DEIv1, giving users the option to exit instantly or bond DEI for bDEI (future bDEI/DEIv2 markets will offer an instant exit in that case).
DIP-8: Most of the parameters put in place by the previous community proposal still stay in place, this proposal only serves to modify previous incentives, as the underlying incentive structures got changed completely. APRs will still permanently stop at a DEUS price of $250 (3 consecutive days) and will not re-initiate at a lower price again.