Summary: This proposal recommends updating the vesting mechanism for all future rewards, team allocations, and private sale tokens to a daily vesting schedule. The objective is to ensure a more gradual and predictable introduction of tokens into the market, reducing volatility and supporting long-term ecosystem health.
Context: Currently, the vesting for rewards, team, and private sale allocations follows a cliff-based or monthly schedule. While effective in some cases, such one-shot or infrequent releases can create unnecessary supply shocks and market pressure.
Proposal: We propose that all future $KERNEL token distributions under the following categories be updated to daily vesting:
Rewards (e.g., contributor, ecosystem, grant programs)
Team allocations
Private sale investor allocations
This change will apply only to future distributions and not retroactively impact allocations that have already been vested or distributed.
Rationale: Implementing a daily vesting schedule offers several benefits:
Market Stability: Gradual token release can mitigate sharp price movements and reduce sell pressure.
Predictability: A consistent daily release provides clarity for both investors and the broader community.
Alignment with Best Practices: Many successful projects adopt gradual vesting to ensure sustainable growth and community trust.
Details of Implementation: Start Date: Daily vesting will apply to all relevant allocations scheduled after the date this proposal is approved and technically implemented.
Distribution Frequency: Vesting will occur daily over the existing vesting period (e.g., if a wallet is scheduled to vest over 12 months, tokens will now be unlocked daily over those 12 months rather than monthly).
Smart Contract Update: Vesting contracts must be updated or redeployed to reflect the new daily schedule.
Next Steps: This proposal will remain open for community feedback for a minimum of 72 hours. We encourage all stakeholders to share their questions and suggestions.
Upon gathering feedback, we will refine the proposal as needed before moving forward with a formal vote on Snapshot platform.