You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
{{ message }}
This repository has been archived by the owner on Sep 11, 2023. It is now read-only.
Hi, I have several suggestions for granting program.
The cliff and vesting
Instead of the 6-month cliff and 12-month vesting, recommend 1 - month cliff and 12-month vesting as other granting programs commonly go with 1- month cliff.
Award Tier
For Tier 1 minimum TVL, I think it can be adjusted to min $10M TVL.
Terms (TVL calculation)
It says TVL evaluation will be calculated based on a time-weighted average of 75% during the first 6-month cliff period. As other mainnet granting programs commonly evaluate TVL on monthly basis, how about adjusting the 2-month average basis instead?
Example
Not clear what it meant for " Same logic will apply but with a 1 month look back and 8.3% (1/12) of the highest tier". Another example will be a lot helpful to fully understand the remaining 6 month cliff period evaluation.
Conditions (Definition of Liquid token for TVL calculation)
Believe bridged major tokens from various chains should be counted. Recommend making a list to avoid confusion. Here is the list that comes to my mind so far: MATIC, ETH, USDC, USDT, DAI, BTC, KLAY, BNB, BUSD, XRP, etc
The text was updated successfully, but these errors were encountered:
Thank you for the feedback re: DeFi Rewards Program. Please see our responses:
We are still a young ecosystem and thus do not want to incentive sell pressure. The fact that Toncoin is locked at $1.00 for the entire year is concession enough so it is our desire to stick to 6-month cliff and 12-month vesting.
This does not achieve a progressively lower ratios
So this applies only during the first 6-months cliff period. You will see that post 6-months, 1-month lookback is applied. We are doing this because our cliff is 6-months long and not 1-month. Doing 1-month lookback during the cliff period would create complexities such as different vesting amounts for each month.
We will consider on a token-by-token basis. The ones mentioned herein are ok.
Sign up for freeto subscribe to this conversation on GitHub.
Already have an account?
Sign in.
Hi, I have several suggestions for granting program.
The cliff and vesting
Instead of the 6-month cliff and 12-month vesting, recommend 1 - month cliff and 12-month vesting as other granting programs commonly go with 1- month cliff.
Award Tier
For Tier 1 minimum TVL, I think it can be adjusted to min $10M TVL.
Terms (TVL calculation)
It says TVL evaluation will be calculated based on a time-weighted average of 75% during the first 6-month cliff period. As other mainnet granting programs commonly evaluate TVL on monthly basis, how about adjusting the 2-month average basis instead?
Example
Not clear what it meant for " Same logic will apply but with a 1 month look back and 8.3% (1/12) of the highest tier". Another example will be a lot helpful to fully understand the remaining 6 month cliff period evaluation.
Conditions (Definition of Liquid token for TVL calculation)
Believe bridged major tokens from various chains should be counted. Recommend making a list to avoid confusion. Here is the list that comes to my mind so far: MATIC, ETH, USDC, USDT, DAI, BTC, KLAY, BNB, BUSD, XRP, etc
The text was updated successfully, but these errors were encountered: