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id Title Status Author Description Discussions to Created
TIP-212 Introduce a Cooldown Period for THALES/WETH LP Staking Draft stake_stake Introduce a Cooldown Period for THALES/WETH LP Staking https://discord.gg/thales 2024-05-20

Simple Summary

Introduce a 20 day cooldown period for unstaking THALES/WETH LP positions.

Abstract

This TIP proposes a cooldown period, similar to that which is present in THALES staking. We propose a period of 20 days, but durations of 30, 60, and 90 days should also be considered.

Motivation

Currently, Thales staking utilizes a cooldown period to help promote long-term commitment from Thales stakers. Extending this to THALES/WETH LP staking aims to encourage stickier liquidity.

Specification

Determine a new cooldown period of at least 20 days for unstaking THALES/WETH LP positions.

The current THALES/WETH LP staking contract will need to be upgraded to introduce an cooldown period.

After the upgrade, a user will need to initiate and then wait for the cooldown period to end before withdrawing their LP position.

Implementation

To be discussed with engineers upon approval

Copyright

Copyright and related rights waived via CC0.