Author(s): The Akropolis Team
TLDR
- To incentivize long-term holding of ADEL and reduce sell-side pressure we believe that rewards should be vested with the ability to claim weekly or monthly vs the current daily structure.
Summary
Vest all the rewards for one year with possibility of weekly (1/52) or monthly (1/12) withdrawal. All rewards can be automatically staked into Delphi pools to compound user reward yield.
Rationale
In order to further align incentives with the ongoing project, we propose the addition of vesting to the emissions of the governance token. Delphi is not a farming initiative, and the distribution to this point has been done with whitelists and then caps with the purpose of having the fairest distribution possible. Moving forward, we believe a vesting schedule for newly distributed ADEL will be the correct manner to keep incentives aligned to the project as our TVL gets larger and new products come to market.
How to?
- Rewards are locked into a vesting contract and are seen in UI but can’t be moved.
- A portion of them can be unlocked weekly or monthly with 12 months total vesting.
- Unlocked rewards can be automatically transferred into your staking contract (as an option), to compound reward yield.
Options:
- Ability to claim weekly
- Ability to claim monthly
- Ability to claim quarterly
- Ability to claim weekly
- Ability to claim monthly
- Ability to claim quarterly
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