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Open Custody Protocol (x Qredo)Open Custody Protocol (x Qredo)by0xCeA366dAE21DB9C60A2125be46dd062a98194d54opencustody.eth

OIP-4 Unified Staking

Voting ended over 1 year agoSucceeded

Currently: Four different staking contracts with varying lock periods. High fees to manage for users under multiple contracts.

Proposed: Single unified staking contract with 1-month lock period and an additional staking contract for OCP token.

All existing contracts will be paused and unlocked for a smooth transition and during the first month 40% APY will be offered to respect initial launch date of 6 months previous contract. Post 31st November staking rewards will be unified from 5% to 15% APY plus being prepared to link it to protocol activity.

Voting Dates Start: Friday 25th 4pm UTC with snapshot at 2pm UTC End: Sunday 27th 4pm UTC.

*Development requirements are minimal, as it leverages on whats previously built in terms of frontend work.

Off-Chain Vote

Approve
30.94M OPEN94.5%
Reject
1.8M OPEN5.5%
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Discussion

Open Custody Protocol (x Qredo)OIP-4 Unified Staking

Timeline

Oct 25, 2024Proposal created
Oct 25, 2024Proposal vote started
Oct 27, 2024Proposal vote ended
Oct 27, 2024Proposal updated