GP Rewards Program for Synthetix Stakers
| author | hakari |
| type | governance |
| network | Ethereum & Optimism |
| status | Rejected |
| created | 2024-02-14 |
Proposal Summary
This proposal advocates for the introduction of a Governance Points (GP) rewards program to acknowledge and incentivize Synthetix stakers contributions.
Specification
Overview
Synthetix has been a cornerstone in the development and growth of protocols like Infinex. To further strengthen this collaboration and acknowledge the contributions of Synthetix stakers, this proposal suggests the introduction of a GP rewards program. By staking SNX tokens, users actively contribute to the stability and growth of the ecosystem, particularly in this case supporting the integration and success of Infinex. The program aims to gather and incentivize stakers which are active participants in Synthetix Governance and Infinex Governance. For this rewards program 10 million GP is planned to be minted and distributed. This proposal, once approved, aims to contribute to the continued success and growth of Infinex and its governance.
Rationale
Synthetix stakers play a crucial role in the workings of Infinex. Recognizing their commitment and dedication to the ecosystem, this proposal aims to implement a GP rewards program as a token of appreciation and commitment. This initiative strengthens the bond between Synthetix and Infinex but also encourages members of the Synthetix community to participate in Infinex governance.
Technical Specification
GP Distribution
A total of 10,000,000 GP rewards will be distributed, increasing the total supply to 147,184,576 GP. There will be a single criterion for qualifying, with a 40% bonus if the staker participated in the Synthetix governance by voting in previous elections. A specified smart contract will be deployed to facilitate the distribution process. GP will be assigned to the user's onchain addresses.
Qualification Criterion
To be eligible for GP rewards, Synthetix stakers must meet this criterion: 1. Active participation in the Infinex governance by voting in previous IR proposals.
Duration
The GP rewards program for Synthetix stakers should be retroactive in nature.
Copyright
Copyright and related rights waived via CC0.