Increase V2 TRU Staking Rewards
Original Author(s): Tyler W. https://forum.truefi.io/t/idea-improve-tru-farming-incentives-for-tru-staking/266
Summary As TrueFi v2 1 gets ready to launch and deliver improvements to the TRU staking model 2, it seems that farming incentives should also be improved for TRU stakers. We believe an additional 100,000 TRU per day for stakers would help making staking more attractive.
Background Community members have given critical feedback on the current state of staking and it is clear that the rewards do not match the amount of work & gas costs involved with constant staking/unstaking TRU.
Motivation Increasing this incentive to TRU should drive more demand for staking and start a positive feedback loop for the entire TrueFi protocol. Increased TRU staking can lead to more TFI-LP deposits farming TRU, more loans approved and issued, more fees generated for the protocol, and improved security for the TrueFi lending pool.
Specification We propose that ~100,000 TRU per day (15.4 TRU per block) are rewarded to TRU stakers over the 90 day period following the contract upgrade. This would represent an increase of ~16x from the current average rate (~6,000 TRU per day). After the 90 days, the intent is not to end this incentive distribution, just to formally revisit this decision.
Vesting schedules for staking rewards can be revisited post v2 launch.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x8741...37aDd4 | 170,513 | YES, Increase Staking Rewards |
 0x6f3F...D27039 | 162,640 | YES, Increase Staking Rewards |
 0x1507...B30F77 | 156,275 | YES, Increase Staking Rewards |
 0x0197...d574D7 | 4,158 | YES, Increase Staking Rewards |
 0x1D9F...260b9B | 3,792 | YES, Increase Staking Rewards |
VOTE POWER
Proposal Status
- Fri February 12 2021, 08:00 pmVoting Period Starts
- Tue February 16 2021, 08:00 pmEnd Voting Period
Current Results
1-YES, Increase Staking Rewards
501,365.347