Summary
This proposal seeks to empower XPRT governance with the ability to configure unbonding options for LP tokens through the multi-staking contract upgrade to version 3.1.0. This upgrade introduces flexibility, allowing governance to define unique settings for specific LP tokens.
Proposal
The proposal aims to:
- Migrate the multi-staking contract to version 3.1.0: enabling configurable unbonding options for LP tokens.
- Shift the decision-making authority: XPRT governance will be responsible for determining the appropriate unbonding configuration for each LP token.
- This includes customizing:
- Bonding periods: Defining unique bonding periods for individual LP tokens, adapting them to specific needs.
- Instant unbonding fees: Setting specific instant unbonding fees for each LP token, potentially tailoring them to incentivize desired behavior.
- Instant unbonding disabling: Opting to completely disable the instant unbonding feature for specific LP tokens, providing granular control over risk management.
Benefits
- Enhanced Governance Control: XPRT governance gains greater control over the staking and unbonding behavior of LP tokens, enabling strategic decision-making.
- Strategic Flexibility: Governance can tailor configurations to suit diverse staking preferences and incentivize desired behavior, potentially fostering a more vibrant ecosystem.
- Improved Risk Management: The ability to disable instant unbonding for specific tokens allows for targeted risk mitigation strategies.
- Ecosystem Growth: Increased flexibility and control for governance can attract new users and liquidity to the Persistence chain.
Implementation
- The multi-staking contract will be upgraded to version 3.1.0 (Wasm code ID: 13) following standard procedures.
- Existing LP token configurations will be migrated seamlessly.
- XPRT governance will then be responsible for defining the unbonding configuration for each LP token through proposals and voting.
Code Link
The code for the multi-staking contract version 3.1.0 can be found on the Dexter GitHub repository:
- GitHub Link: [Hidden link]
Conclusion
Migrating to multi-staking contract version 3.1.0 and empowering XPRT governance with configurable unbonding options for LP tokens presents a significant opportunity to enhance control, flexibility, and strategic decision-making within the Persistence ecosystem. This can contribute to attracting new users, promoting strategic staking, and fostering overall ecosystem growth.
Voting
- YES: Vote in favor of migrating the multi-staking contract to version 3.1.0 (Wasm code ID: 13) and empowering XPRT governance with configurable unbonding options for LP tokens.
- NO: Vote against the prescribed migration.
- NO WITH VETO: If you believe this is a spam proposal and the proposer should lose their deposit, vote NO WITH VETO.
- ABSTAIN: Choose to abstain from voting but still contribute to quorum requirements.
