xFATE Member Bonus Incentive - 30%

30% Bonus for All xFATE Holders' Wallets

When $250,000 Tier Goal Reached

Owning FATE helps TVL (buying it & not selling it)

This proposal is an addendum to the member bonus tiers for staking in FATE-USDC and is primarily to encourage members to not sell their unlocked FATE rewards and either compound their unlocked FATE reward w/ USDC and/or put their FATE in the xFATE pool.

The same conditions apply as with the last proposal:

• A snapshot will be taken when the $250,000 FATE-USDC LP TVL has been surpassed. For xFATE holders the rate of conversion will be the rate of FATE to xFATE at the time of the snapshot (approximately).

It is important to remember: xFATE has more benefits than other "xToken" pools because the withdrawal fee is designed to take a piece of the LP being withdrawn (not the vested rewards, but the actual stake) and those fees automatically buy xFATE (by way of FATE) - when we get more users/hit TVL goals - the enhanced benefits this creates for xFATE will be much more apparent compared to similar designs.

Treasury/Insider/Team wallets are excluded from receiving a bonus.

Why this is viable:

1. FATE rewards are extremely conservative, we are trying to keep the circulating supply as low as possible.
2. The bonus will go into vested rewards to be distributed as soon as we hit the TVL goal.

Use discord/TG/Substack to comment/discuss.