stkATOM and stkXPRT Reward Rate Adjustment Proposal

The pSTAKE team proposes adjusting the Reward Rates (Staking Rewards distributed to pSTAKE users) for stkATOM and stkXPRT to the below-mentioned numbers:

1. For stkATOM: increase the reward rate from 12.02% to 13.5%
2. For stkXPRT: reduce the reward rate from 32.02% to 24.63%

The main drivers of this proposal are:

1. For stkATOM, the staking rewards of the Cosmos Hub have increased due to a reduction in the staking ratio of the Hub
2. For stkXPRT, the staking rewards of the Persistence Chain have decreased due to an increase in the staking ratio of the Persistence Chain.

The Reward Rate should be aligned with the staking rewards of the supported chains/networks in order for pSTAKE to be solvent and sustainable in the long term.

The above-mentioned reward rates are end-user staking rewards (absolute percentage of staking rewards pSTAKE users receive). Detailed discussion around the proposal can be found on the pSTAKE Forum (link attached below)

Vote ‘FOR’ to agree with the Reward Rate Adjustment Proposal Vote ‘AGAINST’ to disagree with the Reward Rate Adjustment Proposal