Incentivization of stkBNB Use-cases to drive initial adoption

The pSTAKE team proposes to allocate 12 M PSTAKE tokens from the Incentivization and Community Development Fund to incentivize multiple initiatives during the launch period of stkBNB to create traction and adoption immediately post product launch. To achieve this, a part of the PSTAKE token supply will be bridged from Ethereum to the BNB Chain dependent on the outcome of this proposal. 

Below is the approximate allocation of tokens and the protocols on which these incentives will be directed (the final allocation is subject to change due to change in token price at the time of incentive allocation): 

1. PancakeSwap (DEX) - 4,000,000 PSTAKE tokens for 60 days
2. Alpaca (Leveraged Yield Farming) - 4,000,000 PSTAKE tokens for 60 days
3. Others (TBD) - 4,000,000 PSTAKE tokens for 60 days

It is also important to note that the Integration of stkBNB on some of these protocols might require going through governance of these protocols.

More details on this proposal can be found and discussed in this forum post (link attached below)

Vote ‘FOR’ to agree with the incentivization of use cases for stkBNB with a total of 12 M PSTAKE tokens Vote ‘AGAINST’ to disagree with the incentivization of use cases for stkBNB with a total of 12 M PSTAKE tokens