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KaratDAOKaratDAOby0x4c79B28335723E158b8F02b7E3191Aa570B2ED910x4c79…ED91

Staking System Proposal

Voting ended over 2 years agoSucceeded

*** T+1 Staking System:

The T+1 Staking System operates on a daily reward mechanism, wherein rewards are calculated based on the number of new Claimers added on the same day. If a user stakes on Day 0, they are eligible for rewards generated by new Claimers on that day and can claim these rewards on Day 1. However, this system had a loophole where some users exploited the last minutes of the day to stake in pools with the highest Claimer score, thereby maximizing their gains unfairly.

*** T+2 Staking System:

In this updated mechanism, users who stake on Day 0 are not included in the reward calculation for that day. The contributions of new Claimers are recorded on Day 1, and the rewards generated from this can be claimed by Stakers on Day 2.

*** Staking V2 – Fan Economy:

Staking V2, also known as the Fan Economy, is a revolutionary approach derived from the (3, 3) game theory. It introduces three possible user actions: stake, bond, or sell, with corresponding rewards of +3, +1, and -1. The collective choices of users impact the overall rewards, maximizing gains when all choose to stake. In this system, each KOL or content creator leads a “spaceship”, mining KAT tokens and enhancing the spaceship through tier upgrades for better rewards. It is designed to support genuine participation, equitable distribution, and future social platform initiatives of Karat Lab, while preventing exploitation. The system incentivizes early supporters and allows them to earn rewards from the growth of content creators, creating a synergistic effect that benefits all genuine participants in the KaratDAO ecosystem.

Off-Chain Vote

T+1 Staking System
1.24M veKAT8.2%
T+2 Staking System
37K veKAT0.2%
Staking V2 – Fan Economy
13.82M veKAT91.5%
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Discussion

KaratDAOStaking System Proposal

Timeline

Sep 28, 2023Proposal created
Sep 28, 2023Proposal vote started
Oct 06, 2023Proposal vote ended
Oct 26, 2023Proposal updated