Create Staking Pools for pFi!
Hey everyone, we’ve got an exciting proposal to share with you today! We want to create staking pools for our pFi token on PartyFinance in collaboration with Unvest. Staking will allow you to earn rewards by locking up your tokens for a set period of time.
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This will help you earn more pFi and contribute to the growth of our community.
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Proposal:
We have two options for the staking pools:
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Option A)
- We lock 350,000 pFi for 6 months, which will create a pFi-6M vesting token. Then, we create a staking pool that will linearly reward any staked pFi with pFi-6M. The duration of this pool is also 6 months.
- We lock 1,000,000 pFi for 1 year, which will create a pFi-1Y vesting token. Then, we create a staking pool that will linearly reward any staked pFi with pFi-1Y. The duration of this pool is 1 year.
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Option B)
- Create a staking pool with total rewards of 250,000 pFi. It will linearly reward any staked pFi with pFi. The duration of this pool is 6 months.
- We lock 350,000 pFi for 6 months, which will create a pFi-6M vesting token. Then, we create a staking pool that will linearly reward any staked pFi with pFi-6M. The duration of this pool is also 6 months.
- We lock 750,000 pFi for 1 year, which will create a pFi-1Y vesting token. Then, we create a staking pool that will linearly reward any staked pFi with pFi-1Y. The duration of this pool is 1 year.
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In both options, the staking rewards will be distributed automatically and fairly to the stakers based on the staked amount and the length of staking. The reward rates will be adjusted periodically based on the demand and supply of the token, as well as the feedback from the community.
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Implementation:
The staking pools will be implemented through a smart contract on the Polygon network, in collaboration with Unvest. The smart contract will ensure that the staking rewards are distributed automatically and fairly to the stakers based on the staked amount and the length of staking. The smart contract has been audited by a reputable third-party auditing firm.
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Conclusion:
We believe that creating staking pools for pFi on PartyFinance with Unvest will be a significant step towards increasing its utility and demand, as well as strengthening our community. We encourage all members of the community to vote in favour of one of these proposals and participate in the staking pools to earn rewards and support the growth of our token.