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[PIP-15] Cap Treasury and Reward Stakers
By 0xeb8e...f7e932Continue Reading
PIP Discussion: https://forum.pickle.finance/t/pip-15-cap-treasury-and-reward-stakers/551
Following this RFC, this proposal seeks to cap the Treasury at $500k and sends the rest to Pickle stakers with respect to a specific schedule.
Namely, a 4 week “bonus” disbursement and then a steady-state disbursement thereafter:
- W1: 0.5* of excess + prev wk’s profit fees
- W2: 0.25* of excess + prev wk’s profit fees + excess over cap
- W3: 0.125* of excess + prev wk’s profit fees + excess over cap
- W4: 0.125* of excess + prev wk’s profit fees + excess over cap
- W5+: prev wk’s profit fees + excess over cap
Note: profit fees = 4.5% of jar profits (does not include withdrawal fees)
For illustrative purposes, if we assume a cap excess of $200k, the numbers would look like this:
- W1: $100k + prev wk’s profit fees
- W2: $50k + prev wk’s profit fees + excess over cap
- W3: $25k + prev wk’s profit fees + excess over cap
- W4: $25k + prev wk’s profit fees + excess over cap
- W5+: prev wk’s profit fees + excess over cap
Connect Wallet to Add Note
0Votes 50
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x3266...0a3B6c | 31 | Do Nothing |
 0x9F11...738BA1 | 28 | Cap and Reward |
 0x6FbE...89840f | 25 | Cap and Reward |
 0xCb92...1d5A64 | 23 | Cap and Reward |
 0x324E...4557c6 | 21 | Cap and Reward |
VOTE POWER
0
Connect Wallet
Proposal Status
- Tue October 27 2020, 07:00 amVoting Period Starts
- Wed October 28 2020, 07:00 amEnd Voting Period
Current Results
1-Cap and Reward
359.543
2-Do Nothing
59.588