Back in mid-June, the DAO voted to implement the following parameters for staking at the beginning of the Go-Live of the staking mechanism:
- Amount of Reward Pool: Set the initial reward pool at approximately 10,000,000 SHU.
- Reward Distribution Rate: Implement at the beginning a reward distribution rate of 8 SHU per minute, increasing by ≈10% month-over-month (on average).
- Lock-Up Period: Establish a minimum lock-up period of 6 months for stakers.
- Keyper staking obligation: Keypers must stake a minimum of 50,000 SHU permanently as a commitment to their role, possibly increasing as the network grows.
The results can be looked-up here:
The technical implementation by Blockful.io is almost finished, the progress and technical details can be found in this thread. In order to account for the complexity of the Keyper and Delegate Staking mechanism, Blockful needed to create two contracts (one for Keypers and one for Delegates). Therefore, the Reward Distribution Rate needs to be adjusted resp. split between both contracts compared to what has been previously discussed in the economic concept. A starting point could be the initial allocation of SHU for Keypers compared to total supply but there might be other approaches as well that need to be discussed within the DAO.