So the Staking Proposal states “Only stakers who have participated in governance votes at least twice during the governance lock-up period will receive staking rewards.” In context, that would seem to mean “twice during the time in which their tokens have been staked”. Does that mean that even once staking is active and tokens are staked, no one can earn rewards until another two votes have taken place? Seems like if this is a factor there needs to be votes available on a very regular basis.
2 Likes
Lockups are a minimum of 180 days. That implies they are expecting at least two proposals in a 6 month period. I am confident that the quantity of proposals will increase over time.
That’s exactly it. The staking lock ups are finite, and voting power diminishes as the period approaches its end, similar to the Dolomite system. This encourages you to maintain multiple staking positions to keep your voting power up. But now if each staking position is disqualified from earning rewards until it has been voted twice, and if votes take place every two months (as they have, roughly), then no staking position will generate rewards for four months. And then it will expire at the end of the term and have to be re-staked. And will not generate any rewards for four months. That 2% gets watered way down when a significant portion of the period earns 0%. We can assume that the rate of proposal votes will increase, but there is no promise of that. It could as easily go the other way. I do not like this loop hole.
2 Likes
It would have been better as a percentage. I think you concern is valid and they might not provide a staking reward if no proposals are presented in a staking period.
going well gys : any big plan ?