This proposal aims to create a XEN-POP stake pool to provide a short/medium-term price signal for the XEN Crypto token, reward early adopters, and attract new POP holders.
XEN-POP Stake Pool Economics: -APY: variable -POP rewards: 25,000 -Chain: Ethereum Mainnet -Reward window: 12 weeks (no new stakers after 12 weeks) -Minimum XEN required: $100+ equivalent (using price oracle) -Rewards vesting: 10% on unlock, 90% vesting linearly over 365 days
Popcorn will take a snapshot of all stakers who voted on future Popcorn Improvement Proposals with their vlPOP for future potential rewards.
If approved, it will simultaneously grow the PopcornDAO community and support the XEN Crypto project to significantly increase global adoption of blockchain via first principles which align with Popcorn’s key values.
For more details, please read PIP-5 on forum.popcorn.network: https://forum.popcorn.network/t/proposal-vote-xen-pop-stake-pool/733