Proposal: Economic Parameters to be Set by Shutter DAO0x36 for Staking
AI summary
This proposal asks the Shutter DAO to approve the initial economic parameters for its staking system, which is being developed by Blockful.io. It defines the size of the reward pool, how rewards will be distributed, and the minimum time tokens must be locked up. A key part of the proposal is a new requirement for 'Keypers' to stake a significant amount of SHU tokens.
If approved, the DAO will allocate approximately 10,000,000 SHU tokens from its treasury for staking rewards. This will incentivize token holders to stake their SHU and Keypers to commit to their roles, potentially leading to an approximate 20% annual return for stakers and increasing the network's security. Keypers will be required to stake a minimum of 50,000 SHU, which could impact their participation.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Simple Summary
Shutter DAO 0x36 has voted to move forward with Blockful.io as the technical contributor to develop staking (link). Blockful has already started with the technical contribution, which can be followed in this thread. In order to get staking live for Shutter DAO 0x36, it is important to agree on the economic parameters. This discussion seeks alignment within the…