Proposal to develop a Keyper Incentive Mechanism and (delegated) Staking
AI summary
This proposal seeks to create an incentive system for "Keypers" who operate nodes in the Shutter Network, which are crucial for generating encryption and decryption keys. It also aims to allow holders of SHU tokens to delegate their tokens to these Keypers, enabling them to earn rewards. The proposal specifically requests authorization for a Request for Proposal (RFP) process to find a development team to build the technical infrastructure for these mechanisms.
If passed, the Shutter DAO will allocate up to 50,000 SHU tokens and 25,000 USDC to a development team to build the technical framework for Keyper incentives and token delegation. This could increase Keyper participation and network decentralization, potentially benefiting SHU token holders through reduced selling pressure, though the economic details of rewards will be determined in a future proposal. No one directly loses from this proposal, but the treasury will be reduced by the specified amounts.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Simple Summary
This proposal aims to establish an incentive mechanism for Keypers within the Shutter Network. By operating nodes, Keypers play a crucial role in maintaining the protocol through the generation of essential encryption and decryption keys. To ensure the long-term success, decentralization, and security of the Shutter Network, it is proposed that Keypers be incentivized for their contributions.
In addition, I am proposing that SHU token holders should be able to delegate their tokens to Keypers and that the technical infrastructure is provided to earn rewards for this. This …