EQUIP-5: Burn Mechanism Upgrade

Motivation:

To further intensify the burn of EQU, benefiting long-term investors.

Specification:

Additionally, the new lock-up duration for 180 days and 360 days will be added to staking EQU and staking LP NFT, as detailed below:

Lock Duration | Multiplier 30 DAYS | 1x 60 DAYS | 2x 90 DAYS | 3x 180 DAYS | 4x 360 DAYS | 5x

Scope of Impact:

1. All EQU that were locked before the implementation of this proposal will not be affected.
2. EQU that has not been claimed before the implementation of this proposal will be treated according to the new rules set after its implementation.

Voting for EQUIP-5:

The vote on this proposal is scheduled to begin at 13:00 UTC on December 10, 2023, and will last for two days.