Decentral Games

Background

Governance Rewards rates are currently 500 $DG/week and Uni-v2 ETH-$DG LP Rewards rates are 125 $DG/week. Rewards rates are set for 5-week periods, but, if Proposal #QmaB8Q7 passes, we will be moving to 2-week rewards cycles.

Per passed DAO proposal #QmbgZuy, DG will be undergoing a 1:1000 token split. We expect the split to take place in 2 - 3 weeks.

Proposal

Following token split, increase both rewards rates 3x for 2 weeks, then 2x for 2 weeks, and then back to current levels. Specifically:

– Governance rewards rates will be 1,500,000 New $DG/week weeks 1 & 2, 1,000,000 New $DG/week weeks 3 & 4, and 500,000 New $DG/week weeks 5 & 6

– Uni-v2 ETH-$DG LP Rewards rates will be 375,000 New $DG/week weeks 1 & 2, 250,000 New $DG/week weeks 3 & 4, and 125,000 New $DG/week weeks 5 & 6.

Rationale

As holders unstake their $DG to bridge Old DG for New DG, we want to provide a very strong incentive for them to restake their Governance and LP positions, but this strong incentive should also be a short term one, serving to bootstrap the New DG token, given we have seen the current rewards rates have been sufficient to encourage our community to stake over 240K Old DG in Governance and provide ~$6M USD in Uni-v2 ETH-$DG LP.