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Proposal #16: Extend Advanced Staking
This proposal introduces the initiative of extending the “Advanced Staking” program for another two months, with stakes to be accepted till October 22, 2023 and rewards to be accrued at the APR of 15% for the locking period of 60 days.
Therefore, the new staking cycle to be started with parameters stated in the “Terms for smart contracts” section.
As discussed on Panther’s Discourse forum, the community recommends running a new cycle of the “Advanced Staking” program (AS3), with parameters stated below in the “Terms for smart contracts” section.
This proposal (1) authorizes updates of the current UI which introduce the new staking terms as described below, (2) autorizes and triggers the execution (via Panther's space on Snapshot.org and the Reality.eth oracle) of the attached blockchain transactions listed below under Annex, deploying and configuring Panther's smart contracts to launch AS3.
It is proposed to follow the below parameters for extending the “Advanced Staking” program:
- 1.Approve all parameters included in the sections “Terms for smart contracts” and “Community Deployment Rewards”.
- 2.Authorize UI code updates to implement new terms,
- 3.Authorize and execute on the Ethereum Mainnet and Polygon network the deployment and configuration transactions described in the Annex, to achieve the terms for the AS3 program to be those outlined in the section “Terms for smart contracts”,
- 4.Request the Panther Foundation to configure the pantherprotocol.eth namespace so that the URL https://ipfs.io/ipns/pantherprotocol.eth will point to the updated UI deployed on IPFS.
Please vote to accept or reject the proposed actions detailed above.
As per the existing DAO governance structure, as the staking smart contracts are not currently issuing any rewards, you need to hold $ZKP, staked or not, on the Ethereum Mainnet or Polygon to participate in voting.
Voting power is calculated by Snapshot.org taking a snapshot of the number of ZKP tokens per holder at the block within which the proposal was created.
The full details of this proposal are visible in raw Markdown format on IPFS at: https://bronze-autonomous-narwhal-846.mypinata.cloud/ipfs/QmTg7vDFXwYE1DZMaaT3edZgGQdRPcgbsvuQQ579MvEw37?_gl=1*16215yb*_ga*MTE3MjA2NzAzOC4xNjkyMzk2MjQx*_ga_5RMPXG14TE*MTY5MjM5NjI0My4xLjEuMTY5MjM5NjI3NC4yOS4wLjA.