Reward Update Proposal

Reward Update Proposal

PLEASE READ THE FULL PROPOSAL: https://gov.xbe.finance/t/xip2-reward-update-proposal/122

ELI5

Rewards from 17h00 UTC 27 Oct ’21 are expected to return to 25% of emissions to XBE Staker/Lockers and 75% to Sushi liquidity providers. After release of “Unpacking XBF” blog, some community members requested to extend XBF rewards for Sushi LPs. Team is proposing an additional option to reward both XBE Staker/Lockers and Sushi LPs with L2 XBF gov tokens only, to support Hive mainnet testing and deployment.

The voting will run from 17:00 UTC on 26th October until 17:00 UTC on the 27th October.

Option 1 – EXTEND SUSHI L2 XBF

Sushiswap LP rewards share 360 L2 XBF gov tokens. This would mean Sushi XBE LPs would be rewarded entirely in L2 XBF gov tokens, and XBE Stakers/Lockup would earn all of the 192 XBE emissions per week.

Option 2 – XBE EMISSIONS ONLY

Revert back to 75% of XBE emissions as rewards for Sushiswap and 25% to XBE Stakers/Lockers. No additional XBF rewards for anybody for this period. This would mean Sushi XBE LPs AND XBE Stakers/Lockup would be rewarded in XBE only.

Option 3 – TEAM PROPOSAL (L2 XBF for Sushi LP & XBE Stakers)

Reward BOTH XBE Staker/Lockers AND Sushi LPs in L2 XBF gov tokens (360 XBF each for a total of 720 XBF/week) until Hive Launch updates and final test are completed on mainnet.

All XBE rewards are paused and compounds until after the L2 XBF rewards end, when they will be distributed on top of normal emissions as another bonus to XBE Staker/Lockers and Sushi LPs.

The UI will be updated to reflect this correctly on both app.xbe.finance and easy.xbe.finance. This process significantly reduces the technical complexity and risk for Hive launch preparation, allowing the team to focus entirely on the Hive redeployment with audit fixes and then concluding the final live mainnet tests.