SharedStake / project-management

Project management repo
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[Dev] Launch a token to track potential earning for veSGTLP stakers #15

Open chimera-defi opened 2 years ago

chimera-defi commented 2 years ago

Currently we have ~20% or so of ETH profits earned by the DAO at merge planned to be used for buybacks and redistribution to veSGT stakers.
Current veSGT stakers are not benefiting from this in an obvious manner.
Instead of doing a retroactive airdrop at the end, perhaps it would be better to just launch a rewards-voucher token now, that is minted and can be claimed via the master chef by veSGTLP stakers and redeemed at merge for some amount of SGT and/or ETH.

Note: Take is 20% of profits, not principal. This DAO kickback is currently proposed to be 20% of that. Roughly 192 ETH assuming a total profit of 6%.