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RuGenerous DAORuGenerous DAOby0x4e943150E4115300d76FA44c877594a9C6bb4deA0x4e94…4deA

RIP#3 - Extend Staking Warm-Up by one Epoch

Voting ended about 4 years agoSucceeded

Hey it's Camden, I make this proposal, because I believe that there is many people (including me) that assumed the functionality of the staking warmup contract. The proposal is mainly to encourage an increase in TVL.

For example, I admittedly assumed that the rebase rewards would not be rewarded to any $RUG balance in warm-up.

Now it has clearly been proven that the staking warm-up as a feature, reduces volatility and gives us stability, which is great for longevity.

However, now that we understand that users still receive the rebase rewards in the warm-up I propose that we extend the warm-up by one Epoch (16 hours in Total).

The other potential solution is to get the warm-up functionality to work as we expected. This however would require a staking contract migration and we would have to spend a fair amount of dev resource to apply this in the short-term, but maybe something to think about in the future.

To reiterate - Warm-up balances will still receive rebase rewards under the condition that the user does not forfeit / exit from warm-up early.

Note - The time to implement, will not take long now that we have the logic to handle the staking warm-up contract already, we would simply just adjust the countdown timer in the UI and also change the amount of Epochs from 1 to 2 in the Staking Contract.

Off-Chain Vote

Change to two epochs (16 hours)
3.16K 92%
Keep it at one epoch (8 hours)
273.02 8%
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Timeline

Dec 01, 2021Proposal created
Dec 02, 2021Proposal vote started
Dec 03, 2021Proposal vote ended
Oct 26, 2023Proposal updated