KIP-34: SNX Staker and Trader KWENTA Distribution Amendment

Summary

An alternative method to distribute KWENTA tokens to SNX stakers and Kwenta traders which will result in higher conviction from recipients and additional funding for the Kwenta DAO via an Aelin pool.

Abstract

Host an Aelin pool that enables SNX Stakers to purchase KWENTA at a discount with a 1-year vesting period as an alternative to a direct distribution. ˚

Motivation

By hosting an Aelin pool for SNX Stakers, Kwenta will top up the treasury to fund development, allocate KWENTA to individuals with conviction, and create long term alignment with its stakeholders.

Specification

For more information visit: https://kips.kwenta.io/kips/kip-34/