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FortuneCronosFortuneCronosby0x3F29571E1E2436125830d289EecbAA281c9a32270x3F29…3227

FIP004: Implement Warmup for Staking

Voting ended about 4 years agoSucceeded

This proposal is to decide on whether to implement warmup for new stakes.

During a warmup, stakers will still earn rewards but the reward will only be realized after the warmup and will be forfeited if users exit the warmup prematurely.

Motivation

There are pros and cons for implementing warmup.

Pros

Reduce sell pressure from rebase as there is a delay to receive rewards Incentivizes holding as every new stake will result in a new warmup

Cons

Confusing for new users which can deter them Can be misunderstood as a locking up of funds May be obsolete after warmup period, users can sell rewards after warmup is over

Quorum Standards

The option with at least 60% of votes will be adopted.

Options

Implement a 24 hour warmup Continue as is with no warmup

Off-Chain Vote

Implement a 24 hour warmup
1.93K 98.6%
Continue as is with no warmup
26.92 1.4%
Download mobile app to vote

Timeline

Dec 29, 2021Proposal created
Dec 30, 2021Proposal vote started
Jan 02, 2022Proposal vote ended
Oct 26, 2023Proposal updated