Add Staking Pool Boost to xPREMIA Locking

Simple Summary

Add a new feature to xPREMIA locking that would apply a staking pool multiplier/boost to increase the users share of the staking pool.

Abstract

Currently, locking xPREMIA has a single utility which is to receive a multiplier effect towards trading fee reduction. While this is a great utility there are ways to add further utility around locking up xPREMIA.

This proposal is to add a new utility to xPREMIA locking which would increase the users share of the staking pool thereby allowing the user to collect an increased share of platform fees.

Specification and Implementation

A staking pool multiplier would be linearly applied between 1-2x for the lockup duration of 0-12 months. For example, if a user locked up 10,000 tokens for 6 months they would receive a 1.5x boost on their stake weighting (1 + (6/12)) so they would have the equivalent weighting in the staking pool of 15,000 unlocked tokens.

Motivation

Below are some benefits that would come with this new feature: • Allow all who lock xPREMIA to benefit, even if they are not planning on actively trading. • Better align the protocol tokenomics towards those who are long term aligned with Premia. • Increase benefits for those who are taking on significantly increased market risk due to losing the ability to sell their tokens at will. • Reduce the long term price volatility of PREMIA (particularly during bear markets).

Clarification Vote For/In Support of: A staking pool multiplier will be added for users who lock up xPREMIA

Vote Against/In Opposition of: A staking pool multiplier will not be added