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Kwenta Kwenta by0x0c4EA5F0219fbC4Decf9536463524953Cd75F0cB0x0c4E…F0cB

KIP-52: Direct Trading Rewards to Perps V2

Voting ended about 3 years agoSucceeded

Summary

This KIP proposes porting trading rewards from Perps V1 to Perps V2.

Abstract

This KIP would allow for escrowed Kwenta to be earned for fees generated on trades on V2 Perps, thus transitioning from V1 to V2.

Motivation

Earning rewards based on fees paid on perps is a major motivator for traders as it incentivises them to use the platform as well as builds loyalty in the long run. Earned Kwenta can be staked and the rewards from staking gives traders an additional incentive as well.

Currently, however, these rewards are earnable on V1. Porting rewards to V2 would make V2 usage significantly more enticing for regular traders and become the de facto home for all trading activity on the platform.

Specification

Read full details here: https://app.radicle.xyz/seeds/maple.radicle.garden/rad:git:hnrkq1oex148yz4zi9tm7spfnjaryyuc93yay/tree/master/kips/drafts/kip-52.md

Off-Chain Vote

Pass
5 KWENTA100%
Reject
0 KWENTA0%
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Timeline

Feb 07, 2023Proposal created
Feb 07, 2023Proposal vote started
Feb 10, 2023Proposal vote ended
Oct 26, 2023Proposal updated