# PIP-38 — Open the Advanced Staking Claim Window and Authorise BASE Ecosystem Reward Allocation

1. Title 1.1 Open the Advanced Staking Claim Window and Allocate V1 Deployment Rewards

2. Summary 2.1 This proposal finalises the wind-down of Panther’s v0 Advanced Staking system by opening the Merkle-based claim window for eligible users on Polygon.

2.2 The proposal authorises the funding and activation of the frozen Vault claim mechanism, enabling eligible advanced stakers to claim ZKP and PNFT entitlements directly from the Vault.

2.3 The proposal additionally authorises the creation and release of a temporary vesting allocation to cover the remaining ZKP shortfall required to satisfy the previously promised 10% APY return for eligible advanced staking positions.

2.4 The proposal also authorises additional ZKP allocations for Panther V1 ecosystem deployment activities, including privacy rewards, initial AMM liquidity, and the subsidy pool defined under PIP-26.

3. Background 3.1 PIP-37 upgraded and froze the v0 Vault implementation on Polygon, permanently disabling v0 MASP entry and exit activity while introducing a Merkle-based claim architecture for Advanced Staking rewards.

3.2 The frozen Vault implementation requires publication of a final Merkle root before claims become active.

3.3 The DAO intends to complete the Advanced Staking wind-down process by:

(a) fully funding the Vault with all remaining ZKP obligations; (b) publishing the final Merkle root; and (c) enabling direct user claims through the frozen Vault implementation.

3.4 The DAO additionally intends to allocate ecosystem funding for Panther V1 deployment incentives and protocol bootstrap activities.

4. Scope of Proposal 4.1 This proposal authorises the following coordinated actions across Ethereum mainnet and Polygon:

(a) creation and release of a temporary vesting pool to fund the remaining Advanced Staking APY shortfall; (b) bridging of released ZKP to the Polygon Vault; (c) recovery of remaining Advanced Staking reward reserves from the AdvancedStakeRewardController; (d) activation of the Merkle claim window through publication of the final Merkle root; and (e) minting and allocation of additional ZKP for Panther V1 deployment activities.

5. Ethereum Mainnet Actions 5.1 A new vesting pool shall be created within the existing VestingPools contract:

0xb476104aa9D1f30180a01987FB09b1e96dDCF14B

5.2 The vesting pool shall:

(a) contain exactly 392,496.05 ZKP; (b) designate the Foundation multisig as pool wallet; and (c) be marked adjustable to permit start-time modification.

5.3 Immediately following creation of the pool, the DAO multisig may execute updatePoolTime to move the pool start time into the past while preserving a one-day vesting duration.

5.4 Following unlock, the full vesting allocation may be released to the Foundation multisig.

5.5 Released ZKP shall be bridged directly to the frozen Vault proxy on Polygon using the canonical Polygon PoS bridge.

5.6 The Polygon Vault proxy recipient address shall be:

0x5E7Fda6d9f5024C4ad1c780839987aB8c76486c9

6. Polygon Actions 6.1 The Foundation multisig may call rescueErc20 on the AdvancedStakeRewardController to recover all remaining ZKP reserves held by the controller.

6.2 Recovered ZKP shall be transferred directly into the frozen Vault.

6.3 The AdvancedStakeRewardController currently holds approximately 1,748,708.47 ZKP reserved for Advanced Staking rewards.

6.4 The DAO shall publish and commit the final Merkle root through the Vault’s one-time setRoot(bytes32) function.

6.5 Publication of the Merkle root activates the Vault claim mechanism and starts the 365-day residual recovery timelock established under PIP-37.

7. Merkle Claim Process 7.1 Following activation of the claim window, eligible users may submit a single claim transaction through the frozen Vault implementation.

7.2 Claims may include:

(a) ZKP principal; (b) accrued 10% APY return; and (c) PNFT entitlements.

7.3 Each eligible address may claim only once.

7.4 The full Merkle dataset and proofs are published on IPFS at:

QmXjozQCksvwrPHGivRJqRDhmatJ8Gh3Fb33jYc7BkSSzN

8. Advanced Staking Return Calculation 8.1 Eligible Advanced Staking positions that remained locked until freeze shall receive an additional 10% APY return calculated proportionally to time staked.

8.2 The accrual cut-off date for APY calculations is fixed at:

2026-05-31

8.3 PNFT entitlements do not accrue APY and are returned as fixed inventory items.

9. V1 Deployment Reward Allocations 9.1 This proposal additionally authorises the minting and allocation of the following ZKP amounts for Panther V1 deployment activities:

(a) 4,000,000 ZKP for V1 privacy rewards; (b) 100,000 ZKP for initial AMM liquidity as defined in PIP-26; and (c) 1,000,000 ZKP for the subsidy pool as defined in PIP-26.

9.2 The allocations may be used for:

(a) privacy rewards; (b) liquidity provisioning; (c) subsidy mechanisms; (d) deployment incentives; (e) onboarding campaigns; and (f) other DAO-approved V1 ecosystem activities.

9.3 The DAO Council may coordinate distribution priorities and operational usage in accordance with future governance decisions and deployment requirements.

10. Numbers Item Amount Eligible addresses 1,235 Unclaimed principal 7,436,673.75 ZKP 10% APY return 2,141,204.52 ZKP Total claimable ZKP 9,577,878.27 ZKP PNFTs claimable 2,000 Vault balance pre-execution 7,436,673.75 ZKP AdvancedStakeRewardController balance 1,748,708.47 ZKP Remaining shortfall funded through vesting pool 392,496.05 ZKP V1 privacy rewards allocation 4,000,000 ZKP Initial AMM liquidity allocation 100,000 ZKP Subsidy pool allocation 1,000,000 ZKP
11. Rationale 11.1 This proposal:

(a) completes the operational wind-down of Advanced Staking; (b) enables direct user recovery of ZKP and PNFT entitlements; (c) fulfils previously communicated Advanced Staking return expectations; (d) finalises the frozen Vault claim architecture introduced in PIP-37; (e) maintains transparent on-chain accounting for remaining reserves; and (f) provides ecosystem bootstrap capital for Panther V1 deployment activities.

12. Voting Options For The DAO approves opening the Advanced Staking claim window, funding the remaining Advanced Staking obligations, publishing the Merkle root, and minting the proposed ZKP allocations for Panther V1 deployment activities.

Against The DAO does not approve the proposed claim activation, funding actions, or V1 deployment allocations.