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Dollar ProtocolDollar Protocolby0x89a359A3D37C3A857E62cDE9715900441b47acEC0x89a3…acEC

Change LP Staking (seigniorage mining) Minimum to a CoolDown Period

Voting ended about 5 years agoSucceeded

Currently, LP stakers for USDC/USDx have a 24 hour minimum staking period.

We propose to change this to a 24 hour cooldown period, where during the cooldown, LP's get no seigniorage rewards. This incentivizes longer lockups and potentially better price stability.

The proposed change will maintain the current staking minimum time variable but just change its value to 0. It will also introduce a secondary cooldown variable that checks the time a user is committed to withdrawing his/her LP.

Off-Chain Vote

Yes
1.36M 100%
No
0 0%
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Timeline

Jan 15, 2021Proposal created
Jan 15, 2021Proposal vote started
Jan 17, 2021Proposal vote ended
Oct 26, 2023Proposal updated