KVORUM
lidoSource: Snapshot · #QmVPGX8NmzWxCRFmyCYnD9f4MZQhQzMndim5i4FqxqTgNC

Bind Referral Reward to 1% Payback

succeededSep 11, 2021, 05:20 PM UTCsignaling · non-bindingby7A0x7a43…6343View on Snapshot ↗

01Summary

AISummary by Kvorum

An AI summary is not generated yet. Read the description →

02Description

174 words

Proposed to adjust the referral reward amount:

  1. Bind the referral reward amount to 1% payback from the staked amount. Referral reward amount in LDO to be calculated each payout week based on ETH/USD and LDO/USD 14 days (whole referral period) TWAP to be 1% payback;
  2. Limit minimum referral amount to 5 LDO for 1 ETH staked.
  3. Limit maximum referral amount to 20 LDO for 1 ETH staked. Updated reward amount to take effect at the next referral period after DAO voting.

Link to the forum discussion: https://research.lido.fi/t/bind-referral-reward-to-1-payback/1021

Motivation Currently, the referral reward amount is 15 LDO for 1 ETH which is 2.4% payback (based on 14 days TWAP of LDO and ETH, see calculations below). Initial payback was ~1% at the date of the referral program launch. The referral reward amount is the key parameter that needs to be adjusted. Linking referral reward to 1% payback will help to use the rewarding budget most effectively, make the calculation process clear and transparent, keeping the referral program profitable and reaching the goals.

03Mismatch analysis

AIMismatch analysis by Kvorum

A calldata-vs-description analysis is not generated yet. Review the decoded actions →

04Actions

0 total

This proposal carries no on-chain actions.

05Tally

Summed from votes

Voters0
VP participating0
Outcome (current)—
Current support—

06Voters

0 total

No votes recorded yet.

07Forum

No forum thread is confidently linked to this proposal.

08Similar proposals

AI · embeddings

No semantically similar proposals found yet.