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PICKLEPICKLEby0xeb8eFA8CAD41e89986aEF7E896A06fB2f1f7e9320xeb8e…e932

[PIP-15] Cap Treasury and Reward Stakers

Voting ended over 5 years agoSucceeded

PIP Discussion: https://forum.pickle.finance/t/pip-15-cap-treasury-and-reward-stakers/551

Following this RFC, this proposal seeks to cap the Treasury at $500k and sends the rest to Pickle stakers with respect to a specific schedule.

Namely, a 4 week "bonus" disbursement and then a steady-state disbursement thereafter:

  • W1: 0.5* of excess + prev wk’s profit fees
  • W2: 0.25* of excess + prev wk’s profit fees + excess over cap
  • W3: 0.125* of excess + prev wk’s profit fees + excess over cap
  • W4: 0.125* of excess + prev wk’s profit fees + excess over cap
  • W5+: prev wk’s profit fees + excess over cap

Note: profit fees = 4.5% of jar profits (does not include withdrawal fees)

For illustrative purposes, if we assume a cap excess of $200k, the numbers would look like this:

  • W1: $100k + prev wk’s profit fees
  • W2: $50k + prev wk’s profit fees + excess over cap
  • W3: $25k + prev wk’s profit fees + excess over cap
  • W4: $25k + prev wk’s profit fees + excess over cap
  • W5+: prev wk’s profit fees + excess over cap

Off-Chain Vote

Cap and Reward
359.54 85.8%
Do Nothing
59.59 14.2%
Download mobile app to vote

Timeline

Oct 27, 2020Proposal created
Oct 27, 2020Proposal vote started
Oct 28, 2020Proposal vote ended
Oct 26, 2023Proposal updated