[ GIP#3 ] Maximum lock period for staking v2

If GIP#1 passed

Stakers will be able to choose the length of time to lock up their GF tokens, from a minimum of 1 week to a maximum of 1 year 2 years, or 4 years.

In return, stakers will receive xGF tokens which will represent their share in the governance rewards pool as well as their voting power for the upcoming governance functions in the future.

The amount of xGF stakers receive will be calculated based on the amount of GF deposited and the remaining lock duration, where 1 GF locked for one year = 1 xGF. Stakers’ xGF balance will decrease linearly over time and will reach 0 when it’s unlocked.

Example 1:

Alice locked 100 GF for 52 weeks and received 100 xGF 26 weeks have passed. Alice’s xGF balance will become 50

Example 2:

Ben locked 100 GF for 26 weeks, and received 50 xGF Ben then decided to get a higher multiple on his rewards so he extended his lockup from 26 to 52 weeks, and received an additional 50 xGF, bringing his total balance to 100 xGF

This means if you choose a longer max period for staking, the multiplier for the staking reward will be significantly larger. Hence staking for 4 years will have approximately 4 times the reward compared to 1 year.