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Incentivize GRG network effect through staking #8

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gabririgo opened this issue Dec 4, 2019 · 0 comments
Open

Incentivize GRG network effect through staking #8

gabririgo opened this issue Dec 4, 2019 · 0 comments

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@gabririgo
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gabririgo commented Dec 4, 2019

Summary

Incentivize GRG holding by non-pool operators through staking and operators sharing pop rewards.

Motivation

Currently, GRG is a token targeted for token operators, who are required to hold certain amounts in order to unlock premium features. Normal GRG holders do not have a monetary incentive in holding the token unless they want to become an operator.

Specification

Give the pool operator the possibility of creating staking pools, then letting the users stake. Calculate GRG holding for slashing condition calculations based on staked GRGs instead of on pool operators' GRG balance.

Rationale

The proposed model would share the pool operators' pool reward with the pool's stakers. Furthermore, the current GRG-based slashing condition would incentivize network effects pushed from the pool operator's ability to leverage on community-staked tokens in order to meet the theoretical maximum reward ratio.

Notes

This RBIP becomes particularly relevant with the growth in unitary value of GRG, as the emerging pools operators will be able to leverage on the community for maximizing their rewards, while their pools are still small.

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