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Kwenta Kwenta by0x0c4EA5F0219fbC4Decf9536463524953Cd75F0cB0x0c4E…F0cB

KIP-72: $OP Boost for $KWENTA Stakers Adjustment

Voting ended almost 3 years agoSucceeded

Simple Summary

Adjust rewards calculations for the previously approved KIP-61 $OP rewards to scale linearly with fees paid and add a boost for $KWENTA stakers.

Motivation

Due to the complicated nature of tracking OI and the removal of OI from rewards calculations by Synthetix, Kwenta's trading rewards should follow a similar distribution scheme.

Additionally, $KWENTA stakers have requested a boost component similar to the plan from Synthetix. Using a boost for staked $KWENTA should add minimal complexity to the calculation while helping to retain existing users and onboard new users to $KWENTA staking.

Specification

For more information, visit: https://github.com/Kwenta/kwenta-state-log/blob/master/kips/drafts/kip-72.md

Off-Chain Vote

Pass
5 EC-NFT100%
Reject
0 EC-NFT0%
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Timeline

Apr 18, 2023Proposal created
Apr 18, 2023Proposal vote started
May 01, 2023Proposal vote ended
Oct 26, 2023Proposal updated