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OlympusDAOOlympusDAOby0x6773e18474D2E370D58adb1058B7eE48683e2e6c0x6773…2e6c

Timed rewards for staking

Voting ended over 4 years agoSucceeded

1 - Slightly reduce current real-time epoch rewards and redirect to a programmed contract/vault to be released to the staker after a certain amount of staking time (ex: 30, 90, 365 days/epochs). To prevent large dumps at the end of each term, have a daily/epoch limit on number of stakers admitted to the contract (10, 20, etc.) or amount of OHM per day and a reservation system. I think this would encourage more staking/retention. Early Unstaking would forego these rewards and redistribute to those still standing or returned to the DAO.

2 - Another option would be having a time-locked rewards pool of NFTs, donated by the community, an artist trying to make a name and/or purchased by the DAO. I think with the current NFT craze this would bring Olympus to the attention of a large amount of potential members.

3 - A mix of 1 and 2.

Off-Chain Vote

1-OHM rewards time-lock
1.46K 5.8%
2-NFT rewards pool for time-lock
153.65 0.6%
3-Mix of 1 and 2
1.95K 7.7%
Do not consider
21.59K 85.8%
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Timeline

Oct 05, 2021Proposal created
Oct 05, 2021Proposal vote started
Oct 26, 2021Proposal vote ended
Oct 26, 2023Proposal updated