New Requirements For Yield Airdrops

Proposal Type: Core

Creator: Adrian Relic Type (Optional): Archmage

Overview: As concerns have been raised from MAGE Relic owners regarding late Relic minters gaining last minute benefits, the DAO would like to propose a new requirement and also clarify the method of how yield distributions are made.

Additional Details:

Current Requirements - anyone minting a relic before the end of the month qualifies for that months airdrop/distribution cycle.

New Requirements - Relics must be minted and held for an entire month in order to qualify for next month's airdrop/distribution cycle. Ex: If someone mints a relic in March, their yield distribution will start in May. They must mint in March and hold the entire month of April in order to qualify.

Timeline: Immediately after February's Distribution (Early March), Starting in March

Bounty/Payment: n/a

Receiver: n/a

Final Notes: Final notes or additional input from proposal creator

Here is a Google Sheet template on how to determine approximate distribution amount/Relic owners.

Feel free to make a copy, so you can edit the green fields and play around with the values and variables.

https://docs.google.com/spreadsheets/d/1dt-_Cxvi-9e8JNnr8f-GqcEyJRT_HE48KuTBuHgop6Y/edit?usp=sharing

Mage Relic Snapshot Clarification: To elaborate a bit more on the process, this means that at the end of this month (February) a new snapshot will be taken of all current Relics that were minted up until this snapshot. In April, Relics minted up until February, who have not moved wallets, will receive the yield distribution generated during the month of March. New Relic minters in March, would need to hold their Relic for the entire month of April to qualify for April's yield distribution around May 1st-5th.