ParaSwap DAO

Keywords

Increase, duration, claim

Authors

@Albist @stikers

Simple Summary

To increase the possible claim duration of the Yield which is currently 3 epochs before preemption of funds by the DAO.

Context & Goal

At the time of the V2 roll-out, a rewards claim limit was added [PSP 2.0 Renaissance - Social Escrow, Fee Redistribution, and Fairdrop - Governance Proposals - ParaSwap DAO]. The purpose of this limit was to :

• To maximise the interest of stakers in their investment, by requiring them to be present on the protocol at least every 3 epochs in order to claim their income.
• Pre-empt the $ETH revenues that arrive on DEAD wallets so that the DAO can put them to good use.

The first epoch showed that the mandatory quarterly claim had the effect of greatly diluting the ROI of the smallest investors. Indeed, with modest bags, the obligation of a quarterly profit withdrawal drastically reduces the returns of our investors. The DAO is not intended to suck returns but simply to ensure that the ETH generated by the protocol are not lost forever on DEAD wallets.

We therefore propose to extend the claim period to 6 or 12 epochs so that everyone can, if they wish, wait until they have enough in their “yield account” to claim. After this period, the DAO will exercise its right of first refusal on the rewards as initially stipulated in the 2.0 proposal

Forward-thinking consideration

If this proposal is accepted, it will allow all forms of portfolios to come and take advantage of the social escrow and its returns without difficulty. It will therefore be a gain of users, volumes and visibility for Paraswap

Implementation overview

If this proposal is accepted, it will be implemented immediately.

Voting options

• Extension to 6 epochs
• Extension to 12 epochs
• Don’t touch my 3 epochs duration
• Abstain