Vote 002 - End Magic Store Staking and Move to an In-App STABUL Staking Program

Summary

This proposal ends the Magic Store staking program, sets an annual staking rewards budget, and gives the team up to six months to build or integrate a staking system directly into the Stabull app. Final staking details will be approved in a separate governance vote before launch.

Motivation

STABUL staking has been run through the Magic Store platform, which has proven unreliable and restrictive.

The farm has failed to reopen despite multiple attempts. It also imposed fixed 45-day cycles, ongoing costs, limited control over configuration, and introduced unannounced contract changes.

As a result, staking is currently inactive and cannot be relied upon. Moving staking in-app removes third-party dependency and allows the protocol to control its own incentive system.

Proposal

Governance approves the following:

1. End Magic Store Staking
   The Magic Store staking farm is formally discontinued. No further staking rewards will be distributed through Magic Store or similar third-party platforms.

2. Annual Staking Budget
   Introduce a yearly staking rewards budget: Provisionally 50,000 STABUL
   Cycle: mid-January to mid-January
   First period: from launch of the new system until the second week of January 2027

3. Staking Tiers (High-Level)
   Three lock-up options with fixed reward splits:
   12-month lock — 50%
   6-month lock — 35%
   30-day lock — 15%

These define how rewards are split, not the final mechanics.

4. In-App Staking Solution
   The team is tasked with delivering a staking solution within six months. This may involve integrating existing contracts or building a native solution.

5. A follow-up governance vote will approve:

• final contracts

• reward mechanics

• claim rules

• launch activation

Scope: Global

Rationale

The current model depends on an unreliable third party and limits control over staking.

Moving staking in-app allows full control over incentives, removes external risk, and aligns staking with protocol governance. Governance sets direction and budget now, with detailed configuration approved later once the solution is ready.

Expected Impact

• Staking moves away from Magic Store permanently

• Temporary gap in staking rewards until the new system launches

• Introduction of a predictable annual staking cycle

• Greater flexibility and control over staking design

• Trade-off: no active staking rewards during the build period.

Out of Scope

This proposal does not change:

• asset listings

• execution logic

• oracle configuration

• operational control

It also does not finalise staking mechanics, contracts, or reward distribution details.

Risks

• Development or audit delays could extend the period without staking

• Final staking design may require adjustments to the proposed budget

• Temporary reduction in user engagement due to lack of active staking

Implementation

If approved:

• Magic Store staking is immediately abandoned

• The team begins work on an in-app staking solution

• A follow-up governance proposal is submitted once ready

Review

The first staking period runs until the second week of January 2027.
Governance will then review performance and approve the next annual staking budget.