RFP-11: Removal of Burn Component to Exit Penalty; Creation of Starfleet Leaderboard [Protocol Mechanics]
AI summary
This proposal, RFP-11, aims to remove the 10% token burn component from the exit penalty mechanism in Radiant Capital. Instead of burning these tokens, the proposal suggests using them to fund a new 'Starfleet Leaderboard' incentive program. This program would reward users based on a weighted score that considers factors like the amount of dLP locked, the ratio of dLP to total assets, the locking duration, and whether 'Auto-Compound' is enabled. The goal is to encourage user behaviors that support the protocol's long-term health and cross-chain liquidity.
If passed, the Radiant Capital protocol will no longer burn 10% of exit penalty tokens, potentially increasing the circulating supply slightly compared to the previous mechanism. Instead, these tokens will be distributed to users who actively contribute to the protocol's liquidity and stability through the new Starfleet Leaderboard, benefiting those who engage in long-term locking and higher dLP ratios. The exact impact on token value and distribution will depend on the future design of the leaderboard's reward system.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Abstract
RFP-11 aims to adjust the handling of exit penalties and create a better incentive framework for protocol participants through the creation of the “Starfleet Leaderboard.”
Motivation
The Radiant DAO has taken numerous measures in order to reduce inflation to more sustainable levels, including RFP-2 (reducing emissions), RFP-5 (exit penalty treatment…