I listed a fair amount of yours & others critiques along with my counter arguments.
I’m not trying to shift focus away from those very important topics but actually trying to kill two birds with one stone. Introducing a time locking rewards mechanism into the way we distribute protocol fee revenue (rSWISE) can also be the mechanism we use to distribute referral rewards, etc. (in rSWISE) reducing many of the smartly feared risks of potential gaming of the system mentioned in Stakewise Referral Program
If partners don’t hit their milestones for 10K in ETH referrals - boom rSWISE does not unlock yet. Or for specific individual referral links, rSWISE could unlock to SWISE ratably over a 12mo period of time as long as they hold the sETH2 in their wallet. If they immediately sell sETH2 to game the system, then no rSWISE unlocks.
We are all on the same team here Otto. Clearly you have a strong opinion but don’t want the loudest voices to dominate. (myself included) Would be great to hear from others so I’m going to create a pool to gauge temperature but others please feel free to add comments. (either for or against)
- Open to veSWISE Concept (principle & reward time locks)
- Open to xSWISE/rSWISE (reward time locks only)
- Against All Locking In Tokenomics (Stop Beating a Dead Horse Steel.Key)
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