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Tetu.ioTetu.ioby0xbbbbb8C4364eC2ce52c59D2Ed3E56F307E529a940xbbbb…9a94

Rewards boost

Voting ended over 4 years agoSucceeded

As the next step of tokenomics improvements, Tetu team offers the reward boost mechanic for all vaults.

  • All rewards stay claimable at any moment, but the longer you do not claim them the more you will receive.

  • It is a similar logic as used on Curve - unboosted rewards are just a partial amount of what would be usual rewards. So, without the boost, an investor will claim X% of rewards. During period T available X% will be growing to 100%. X - discussable, we offer 30% T - discussable, we offer 28 days

  • When users claim rewards we have a free TETU amount 100% - (X+boost). We offer to reinvest this amount in the same vault for the next 28 days.

  • Deposits/Withdraws (without claim) will not affect this mechanic. Users can withdraw 100% of funds and decide to keep rewards accruing boost by not claiming them.

  • This initiative requires upgrading all vault proxies. Funds Migration is not required. Changes are pretty simple and not dangerous.

Off-Chain Vote

Yes
3.6M 80.5%
No
875.16K 19.5%
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Timeline

Aug 16, 2021Proposal created
Aug 16, 2021Proposal vote started
Aug 23, 2021Proposal vote ended
Oct 26, 2023Proposal updated