Single asset staking - $LSP
Description
Lumenswap is currently struggling to absorb its token emission schedule. Bear market sentiment coupled with continued inflation of $LSP threatens to artificially depress otherwise healthy price action once the general market begins to recover.
To counter this, token velocity of $LSP (how quickly and easily it is exchanged) needs to be reduced.
This proposal therefore suggests a simple solution:
1. Replace holder rewards with single-staking $LSP rewards (1:1 ratio allocation).
2. Use the DAO 'claimable balances' functionality as a place holder to mimic single-staking, until smart contracts allow true single-asset staking.
3. Require users to 'lock up' their $LSP (in the same way as voting on the DAO locks tokens) in order to receive the monthly holder rewards.
4. Lockup period of 1 month (to begin with).
The community can start with the basic suggestion above, before considering more complex lockup periods, such as; single-asset staking functionality for non $LSP tokens, $LSP emission changes based on asset weighting, etc.
Until smart contracts are live on Stellar, Lumenswap needs to remain innovative and nimble with achievable in-house platform and ecosystem upgrades.
