MDP-19.2: Reward vesting parameters

Voting ended almost 5 years agoSucceeded

Posted by a representative of the mStableDAO

Assuming a positive outcome to MDP-19.1, this vote concerns parameters for vesting MTA rewards across these specific Feeder Pool staking contracts.

As described in MCCP-4, X% of MTA is unlocked immediately and 100-X% is vested over some months, thus incentivising LPs over a longer time period.

In the options given, "33% for 2 months" means that 33% of the MTA earned by staking LP tokens will be locked up for 2 months from the time at which it was earned. For example, a user provides liquidity (starting at time t0), waits for 1 month and then claims rewards (time t1) - 67% of MTA earned will be immediately withdrawn and the other 33% will be vested linearly, starting from t0 + 2 months and finishing at t1 + 2 months.

This mechanism is already active in the imUSD Vault and is described again here.

What should the lockup parameters be?

Off-Chain Vote

No lockup

0.05 0%

33% for 2 months

465.24 0.1%

50% for 4 months

0 0%

67% for 6 months

457.7K 94.3%

67% for 12 months

27.39K 5.6%

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Timeline

Mar 22, 2021Proposal created

Mar 22, 2021Proposal vote started

Mar 26, 2021Proposal vote ended

Oct 26, 2023Proposal updated