VIP 1–1: Improvement on YFV Staking Pool v2

SUMMARY:

Based on community feedback and tentative proposals from both Discord and Telegram, it is evident that there is a need to make adjustments and/or improvement to the current YFV Staking Pool v2, which was voted on in VIP 1. The concerns and suggestions include the current minimum staking amount, and allowing users to exit the pool earlier than the given lock time by paying an early exit fee.

MOTIVATION:

One can consider several options when it comes to the minimum staking amount by taking into account both pros and cons of keeping the current min staking level versus changing it. Note that the YFV Staking Pool v2 has only been running for the last 3 days. The community may want to review and re-evaluate the staking minimum to ensure the best growth of the project as a whole.

Next, The tentative proposal from the community to allow early exit within the time lock period. Whoever is willing to pay the exit fee would be able to exit early. This will provide flexibility and fairness to YFV Stakers.

MECHANICS:

The community will vote on 2 different adjustments and improvements to YFV Staking Pool v2

1.Minimum staking amount: the community will vote to either keep/adjust the minimum staking requirement or remove it.

Community members who choose to vote against the minimum staking requirement will still have the opportunity to vote for adjustments, just in case the measure passes.

2. Allow early exit with fee: the community will vote to allow YFV Stakers to be able to exit the staking pool before the lockup time expires.

The community will also vote for the amount of the exit fee should the final result be allowed to exit.

All fees collected will be sent to Value treasury under multisig control

VIP 1–1 Voting will not cost gas. For this vote, we have introduced a new, offline voting mechanism that does not require immediate, on-chain settlement after the conclusion of the vote. Since there is no gas cost, all YFV stakers will be able to vote without hindrance.

You can also re-vote before voting ends. To avoid spam, each voter can only re-vote after a 1 hour cooldown period.

VIP 1–1 Voting will start on Friday, Sep 04 14:00:00 GMT+0 and end by Sep 06 14:00:00 GMT+0. The implementation will be arranged as soon as possible after voting ends.

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