FATExFI - Epoch 0 - Rewards Schedule

This proposal is requesting DAO members to approve (or deny) the details of the FATE rewards emission schedule.

Please refer to the medium article for a detailed description of the subject proposal, which can be found here: (anything written below are excerpts from this article)

https://bit.ly/3ukJtME

The length of the first rewards epoch is 52 weeks.

The proposal, visually depicted below, takes into account the impact of this release (which amounts to an unlocked rewards multiple of +x4).

In the proposal, the rewards rate multiplier steadily increases by 1.8% per week.

This will allow the release of the FATE recipients gained from owning FATE Harmony to have their rewards unlock automatically without impacting the price of FATE dramatically due to supply shock.

Depending on the price of FATE. the percent allocated to a particular pool from the block-rate rewards, and the amount of liquidity being staked - this should produce APYs between 15-300%.

This high "return" can be sustained by focusing on keeping supply low and demand high. A tokenomic rewards schedule for the first epoch like the one being proposed will accomplish the desired supply-side results.

An effort to keep the FATE supply in circulation below 20% of the total supply by the end of the first 52 weeks is made. However, this is not accomplished under the proposed model (and is why that component is highlighted in yellow); since the primary focus of this first stage of FATExFi is to collectively fund, decide the details and begin building (and offering participation in its potential via member share ownership) the utility token and platform that will support: FxD.

We anticipate to amend the rewards schedule once a more dynamic offering can be created that will utilize both FxD and FATE to reward contributing members.

The rewards schedule proposed for DAO vote is depicted in the image below.

Note — this includes a supply impact analysis — to comment on this topic please add a note to the Medium article referenced above and/or discuss it in the Discord channel sub-topic: “dao-governance” using this link: https://discord.gg/RgNKadMpq or for basic inquiries, the FATExDAO telegram channel will suffice.

Please vote below to approve ("YES") or disapprove ("NO") the rewards schedule (or not) — and remember, we can change this via a new proposal and vote at any time.

if the image is hard to read zoom in or find a larger version in the medium article