Interim Era Incentive Schemes: (1) One-off Migration+Stake Bonus & (2) Ongoing Stable Yield
AI summary
This proposal from the Threshold Network DAO suggests two changes to its incentive schemes. First, it extends the deadline for a one-time "Migration & Stake Bonus" to June 1st, offering a 3% bonus to eligible stakers who set up a Proxy Re-Encryption (PRE) operator node and maintain their stake. Second, it introduces an ongoing stable yield of 15% Annual Percentage Yield (APY) for stakers who reliably operate a PRE node starting June 1st. The DAO will vote separately to mint the rewards.
If passed, stakers who join before June 1st and meet the criteria will receive a 3% bonus on their staked Threshold (T) tokens. All stakers reliably operating a PRE node will benefit from a 15% APY on their staked tokens, encouraging more participation and network security. There are no clear losers, but those who do not meet the criteria will not receive the bonus or ongoing yield.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
3 votes > 5% VPFull proposal
1) Bonus Deadline Extension to June 1st
~1.89 billion T has been staked and over 90 PRE nodes are up and running! A great start, but newer stakers could use a little more time – so we suggest extending the deadline of the Migration & Stake Bonus, such that any staker who commences staking before June 1st will be eligible. The bonus, if validated by the snapshot & DAO vote, will now be 3% for eligible stakers – see qualifying criteria below. Time-based rewards (15% target APY) will start accruing to your stake from June 1st onwards. The first merkle distribution – after which your rewards…