UMA KPI Options for DOUGH Staking 2.0

Full discussion can be found in the forum thread. https://forum.piedao.org/t/uma-kpi-options-for-dough-staking-2-0/1309/10?u=victorfela

Summary To reuse UMA KPI Options to incentivise community participation to strengthen and improve DOUGH-staking activity and max out 100% circulating supply of DOUGH (30m) locked In the staking contract.

Passing threshold -> 5% or more of veDOUGH supply must participate -> 60% or more of participating tokens must vote FOR

Scope Converting values of option (at expiry): • Max value of KPI Options will be redeemed for DOUGH at 1.0 per option if 30m DOUGH is staked (100% circulating supply). • If at least 25m DOUGH is staked, the 10m KPI Options will be redeemed at 0.5 DOUGH per option.

The outlined milestones seek to facilitate optimal performance of the KPI Options with sufficient participation towards the metric.

Benefits The options will be distributed to everyone who stakes DOUGH until expiry. A snapshot of all veDOUGH holders a week to expiry will be airdrop the options on a pro-rata basis. This amplification is set to align new and old community members towards the metric and to get DOUGH into the hands of more dedicated users while encouraging long-term commitments. It sees more circulating tokens locked for more years.

Next steps In case this proposal gets accepted, a total amount of 10M DOUGH will be moved out of the PieDAO Treasury in order to be used as collateral for the minting of the 10M KPI options.

Closing notes You are called to give your support to this initiative:

A. FOR approves the use of KPI Option as an incentive to strengthen and improve dough-staking action. B. AGAINST rejects the whole initiative C. More information