Hey Idexonauts. We have some more changes in the next IGSP that you should know about.

18 Jul 2022, 04:56

Hey Idexonauts! We have some more changes in the next IGSP that you should know about. We’ve outlined them in the following post. Here are some highlights: 🔹Change in fees share percentage: With broader external markets being what they are, it’s important for the project to reach sustainability. An 80% fees share is simply unsustainable and thus we are changing it to 50%. The high fee share failed to create an intended demand effect and mostly led to too much value leaving the system too soon in the project’s history. At the same time, we have strong demand for our products and need to have the flexibility to invest in growth (which ultimately should result in higher overall rewards even with the lower fee share). 🔹Guaranteed reward size (backstopped by IDO): To balance the above, and to reward those continuing to stake with the project, we are creating a guaranteed reward to remove reductions in overall reward and create continued reward in case of any bumps in the road ahead. In any months where total rewards added in USDC are less than the previous 12-month average, then we will add IDO rewards up to 125K IDO, and prorata the IDO provided based on any miss (e.g. 65% of average reward added would mean 43.75K IDO reward added, in addition to the USDC reward). 🔹Milestone rewards moved forward on locked stakes: Since locked stake periods of annual or tri-annual are longer than the milestone reward period, we will add the rewards to the stake amounts when the transfers are made. There are no more milestone rewards available for new stakers - this applies to stakers in the old pool (i.e. token id 208 and lower). We encourage you to read the full post on all the details of the new pool, its features and how to transfer your old stake to new.