Givethby
karmaticacid.eth
Should we allocate 7 million GIV to incentivize GIVpower stakers for 6 months?
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
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- Author
karmaticacid.eth
- IPFS#bafkreih
- Voting Systemsingle-choice
- Start DateJul 25, 2022
- End DateAug 01, 2022
- Total Votes Cast3.31M GIV
- Total Voters86
Timeline
- Jul 25, 2022Proposal created
- Jul 25, 2022Proposal vote started
- Aug 01, 2022Proposal vote ended
- May 14, 2025Proposal updated