Staking mechanism configuration

General
1

Summary:

We need to define final details and post a proposal to Decent that will set up the staking contracts so we can start using them.

Context:

Blockful has built and delivered the contracts for the Staking mechanism. They have been audited and are accessible on Mainnet and through our dApp. To finish getting it 100% ready for use, the DAO needs to address some pending issues.

The dApp with mainnet contracts is live, but we can’t do anything yet as there are no keepers listed, no SHU deposited, and no emission rate set up.

Reasoning:

As posted in the original thread, there’s still discussion needed, but I figured we would move faster if we brought it as a proposal here.

To get it working correctly, the DAO needs to:

  • Fill the contract with SHU for the rewards.
  • Decide on an emission rate for keypers stake and non-keypers stake. (prev. discussion here)
  • Provide a list of keypers to be added to the transaction.
  • Decide on a domain for the staking. (We propose the use of staking.shutter0x36.io).

Proposed transactions:

We will add the final transactions here for verifications once the metrics are defined, but they would be the following:

  • Transfer 10,000,000 SHU to the Distributor contract.
  • Add [KEYPER ADDRESS LIST] to the Staking Contract.
  • Define emission rate for Staking Contract.
  • Define emission rate for Delegate Contract.
  • Transfer [DOMAIN COST] USDGLO to blockful.eth

You can check the details of each of those in this study of the next steps.

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To make the domain discussion easier, please show your support/opposition in the following poll.

0 voters

Please bring any relevant info or discussion regarding the other points in this post!

3

This is now in process - See this post

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