FIP-18v2: TribalChief Rewards

Forum Discussion: https://tribe.fei.money/t/tribalchief-staking-rewards-upgrade/3350

Abstract

This is the follow up proposal to the original TribalChief incentives proposal. It uses a simplified rewards allocation and binary vote.

The TribalChief would allow flexibility to TRIBE holders to manage and decide where to allocate TRIBE for liquidity mining rewards.

It can support multiple incentivized pools, with custom emission rates. It can also allow users to lock up their tokens for fixed time periods to earn boosted rewards, if this is a feature that is desired in the future.

The initial proposed allocation is ⅓ FEI-TRIBE Uniswap LP, ⅓ FeiRari TRIBE, and ⅓ Curve FEI-3Crv LP with the same emission schedule currently used.

Proposal

Transition our current staking rewards from FEI-TRIBE LP to the “TribalChief”, the Tribe’s version of the SushiSwap MasterChef.

The TribalChief distributes a constant amount of TRIBE rewards per block. The initial TRIBE per block will be 75. Every month the Tribe will update the rewards distribution such that the linearly decreasing schedule is maintained.

The distribution of rewards can be adjusted to the highest leverage FEI and TRIBE deployments for the protocol as needed.

This proposal includes a vote on determining how to allocate the initial rewards distribution. Each pool would earn their proportional amount of the TRIBE emissions relative to the total.

1000 AP each:

• FeiRari Fuse Pool TRIBE
• Existing FEI-TRIBE LP rewards
• Curve liquidity incentives

Voting Rules

This will be a binary, non-binding signal vote.

Note that the TribalChief reward allocations can be subject to change after the initial rollout if it passes, this proposal informs the initial allocation.