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Idle DAOIdle DAOby0xf27d7e8E96e891D77F42E1d88dA872A1cFaFe91a0xf27d…e91a

[Temperature check] - Single Idle staking

Voting ended over 4 years agoSucceeded

Summary

In order to guarantee sustainable staking rewards, the Idle Leagues simulated different staking model scenarios and FeeCollector distribution weights.

With the help of the $IDLE Staking Calculator and also analysing the Rebalancer Cost Outlook in order to come up with an optimal allocation, the Treasury League suggest the following weights: 50% staking rewards + 30% rebalancer + 10% fee treasury + 10% smart treasury Forum Discussion link

Details

The current FeeCollector weights are currently: 80% Smart Treasury, 15% Fee Treasury, 5% Rebalancer. To give token holders the opportunity to get maximum rewards out of all the options evaluated while allowing the protocol to pursue its sustainability, the Treasury League suggests changing the split of the FeeCollector weight to: 50% staking rewards + 30% rebalancer + 10% fee treasury + 10% smart treasury. It’s the Treasury League opinion that this is a balanced redistribution. Suggested weights would still cover the rebalance expenses, the flow to the fee treasury would still be sustainable and fees would still flow to the smart treasury.

Voting Options

Please cast your vote on one of the following options to decide if you are for or against the changes of the proposed weights for the FeeCollector:

  1.   FOR
    
  2.  AGAINST
    

Off-Chain Vote

FOR
223.22K 100%
AGAINST
0 0%
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Timeline

May 31, 2021Proposal created
May 31, 2021Proposal vote started
Jun 03, 2021Proposal vote ended
Oct 26, 2023Proposal updated