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Kwenta Kwenta by0x0c4EA5F0219fbC4Decf9536463524953Cd75F0cB0x0c4E…F0cB

KIP-75: Accumulate Vest Penalty Rewards Prior to Staking V2 Launch

Voting ended almost 3 years agoSucceeded

Simple Summary

Track rewards that would have gone to stakers if Staking V2 was implemented upon approval in order to ensure stakers capture maximum returns while Staking V2 is in queue for development and deliver rewards during the V2 staking launch.

Abstract

Track all vest penalty events and send the rewards to ongoing stakers once V2 staking launches.

Motivation

[KIP-45] (https://github.com/Kwenta/kwenta-state-log/blob/master/kips/drafts/kip-45.md) outlined a mechanism to share vest-penalty rewards with stakers (50%) and the treasury (50%). However, while Staking V2 is in queue for delivery, rewards accumulated that would have gone to stakers are currently going to the treasury. In order to maximize the potential returns for stakers, these rewards should be tracked and delivered to stakers at the launch of V2 staking.

Specification

For more information, visit: https://github.com/Kwenta/kwenta-state-log/blob/master/kips/drafts/kip-75.md

Off-Chain Vote

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

May 15, 2023Proposal created
May 15, 2023Proposal vote started
May 29, 2023Proposal vote ended
Oct 26, 2023Proposal updated