20M NUNA to reward liquidity providers of LSP/NUNA
Description
Greetings LSP/NUNA community,
I am excited to propose a plan that aims to further solidify the relationship between our two decentralized projects. As we continue to pave the way for decentralized finance, it is crucial for us to join forces and work together towards our common goal.
What are we proposing?
At the moment, our active NUNA Holder community is being rewarded with:
100,000 NUNA per day LP NUNA/XLM: https://nunaprojectart.medium.com/nuna-lp-incentive-reduction-announcement-d9abe27af645
XLM/NUNA: https://amm.lumenswap.io/pool/90b3c74a449e286cb8cd3dd0c5cb7e7f3b0b51cf94fc7f8b34f1612f0da75d33
100,000 NUNA per day for NUNA Stakers: https://nunaproject.art/staking-1.html (NUNA CLUB Members)
For this reason, we propose to reward LSP/NUNA LP participants with 20,000,000 NUNA over two years.
How will we do it?
We will reduce staking incentives to 20% and add the remaining NUNA from the foundation wallet.
Why reduce staking? It is less risky than LP.
STAKING DISTRIBUTION
We will allocate a total of 80,000,000 NUNA to staking, which will be distributed over the next three years.
1st Year (November 1, 2022 - November 1, 2023)
100,000 per day TO 80,000
2nd Year (November 1, 2023 - November 1, 2024)
70,000 per day TO 55,000
3rd Year (November 1, 2024 - November 1, 2025)
45,000 per day TO 35,000
LSP/NUNA DISTRIBUTION 20,000,000 NUNA
1st Year
30,000 NUNA per day
2nd Year
20,000 NUNA per day
If the proposal is approved, it will become effective on March 11, 2023.
