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GivethGivethby0xC46c67Bb7E84490D7EbdD0b8ecDaca68Cf3823F4karmaticacid.eth

Should we allocate 7 million GIV to incentivize GIVpower stakers for 6 months?

Voting ended over 3 years agoSucceeded

We are gearing up to launch GIVpower!

GIV holders will be able to stake & lock their GIV to earn a yield & get GIVpower. They will be able to use this GIVpower to "boost" projects & Giveth, so that projects can get benefits on the platform.

We will be launching just the staking & locking side of GIVpower as an MVP within the next few weeks. This will look like a 100% GIV staking card in the GIVfarm. It will replace the existing 100% GIV staking cards that we have right now on Mainnet & Gnosis Chain.

GIVpower staking will only be available on Gnosis Chain. Stakers will be able to increase their APR by "locking" their GIV for a period of time between 1 round (2 weeks) & 26 rounds (1 year). The longer they lock, the greater their multiplier, to a maximum multiplier of 5.2.

We are proposing to allocate 7 million GIV from the token distro as incentives for GIVpower stakers within the first 6 months of the program.

More context on how these numbers were calculated can be found in this forum post.

Off-Chain Vote

Yes, let's allocate 7 mil GIV
3.31M GIV100%
No
0 GIV0%
Abstain
927.95 GIV0%
Quorum:331%
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Discussion

GivethShould we allocate 7 million GIV to incentivize GIVpower stakers for 6 months?

Timeline

Jul 25, 2022Proposal created
Jul 25, 2022Proposal vote started
Aug 01, 2022Proposal vote ended
Feb 09, 2026Proposal updated