Following the completion of the initial incentive phase established by LIP-98 (which allocated 10,000,000 LIKE), this proposal seeks to allocate an additional 5,000,000 LIKE to continue incentivizing deposits for a further 90-day period.
The proposed allocation has been reduced from the previous phase to better align with current ecosystem data. Specifically, the volume of LikeCoin deposited during the v3 migration has been lower than the historical staking ratios observed in v2.
By adjusting the incentive pool to 5,000,000 LIKE, we ensure a more fiscally sustainable reward structure while still providing an attractive yield for participants.
As of the time of this submission, the total deposited LikeCoin stands at 698,747,075 LIKE. Based on these figures, the 90-day incentive period would result in an estimated Annual Percentage Yield (APY) of 2.9%, calculated as follows: