Staking

Enable staking contracts on Polygon PoS chain to essentially mirror the behavior of the existing Ethereum mainnet staking rewards program, using the following parameters:
Individual stakes will be locked for 7 days, then can be unstaked any time after.
Staking rewards will begin Monday 7th March 23:59:59 UTC 2022, and end on Monday 2nd May 23:59:59 UTC 2022. Staking will be allowed until Wednesday 27th April 00:00:00 UTC 2022.
Total rewards will be fixed at 2M $ZKP. These will come out of the total 450M $ZKP allocated for protocol rewards, via a new Polygon Staking Rewards vesting pool on the Ethereum mainnet.
These tokens will be bridged across to a MaticRewardPool on Polygon (see below).
Initialise the MaticRewardPool contract to act as the Polygon counterpart of the Staking Rewards pool on the Ethereum mainnet (pool #12). Rewards will vest from this pool contract.
The following values will be used for initialisation:
recipient: RewardMaster contract
startTime: Mon 7 Mar 23:59:59 UTC 2022
endTime: Mon 2 May 23:59:59 UTC 2022
The following values will be used for the addTerms() call on the Staking contract:
isEnabled: true
isRewarded: true
minAmount (before scaling): 100 $ZKP
maxAmount (before scaling): not applicable (0)
allowedSince: Mon 7 Mar 23:59:59 UTC 2022
allowedTill: Wed 27 Apr 00:00:00 UTC 2022
lockedTill: not applicable
exactLockPeriod: not applicable
minLockPeriod: 7 days
This does not cover future rewards for protocol users, such as Privacy Staking and transacting within Shielded Pools, which will be covered by separate vesting pools, when those aspects of the main protocol are released after the TGE.

Governance - Previous

Proposal #3 - Polygon Staking / Voting

Technical details

Last modified 3mo ago

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