| id | Title | Status | Author | Description | Discussions to | Created |
|---|---|---|---|---|---|---|
| TIP-183 | Thales staking emissions halving | Draft | acyberduck | This TIP proposes to instantaneously reduce the current $Thales emissions by more than a half | 2023-11-08 |
TIP: 183 - Thales staking emissions halving
This TIP proposes the instantaneous staking emissions to “halve” from current 105K Thales weekly to 40K Thales weekly.
This TIP proposes to set weekly staking rewards to 40K Thales for the week following approval
Current Thales total emissions are approximately 4x the Thales buy-back-burn (BBB) rate, of which half are staking rewards, leading to continuous sell pressure from unaligned yield farmers that periodically sell their vested Thales. While we as a protocol are continually shifting LP focus from incentives to protocol owned liquidity, "halving" or reducing the staking rewards by 50%+ would make Thales staking "inflationary neutral", whereby staking rewards will become fully offset by BBB.
Current Staking rewards for a total of 105K.
Proposed Staking rewards for a total of 40K with a 3:2 ratio of base rewards to bonus rewards (24K base, 16K bonus) distributed to individual chains as per TIP 181.
Until TIP 181 is implemented, manual allocation per chain is to be as follows: Optimism 20k THALES Arbitrum 10k THALES Base 10k THALES
Emissions decay of 0.5% weekly approved in TIP 176 will remain.
BBB is to continue until and to be replaced by safebox fee distribution from TIP 182 is technically ready and implemented.
Thales staking emissions halving has both a marketing twist (BTC Halving!) and leads to decreased selling pressure from unaligned Thales yield farmers. Improved Thales token emissions to BBB ratio with an expected continual growth in BBB will hopefully lead to Thales token price stabilisation and potentially attract new investors.