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Stake Decentraland NFT's for VP Rewards

RejectedPoll

Proposal Details

Author0x216f…79e4
PublishedSep 10, 2023 18:46
Voting beginsSep 10, 2023 18:46
Voting endsSep 15, 2023 18:46
Snapshot#5851663

Description

Stake Decentraland, Land, L1 Wearables & Names for VP Rewards. Duration: Staking period is 30 days minimum. All rewards will be paid after 30 days. If the NFT is withdrawn within that 30 days, staker will not be compensated. Land Staking Rewards: 5 VP Per Land, Per Month Name Staking Rewards: 0.5 VP Per Name, Per Month L1 Wearables Staking Rewards Per Month: Mythic: 5 VP Legendary: 0.5 VP Epic: 0.05 VP Rare: 0.001 VP Uncommon: 0.005 VP This is an initiative to help boost the market & bring awareness to DCL NFT's. It was an idea I had for a while but didn't know how or when to do it. Now that we are in the bear market & there is little to no marketplace activity in the aforementioned nft classes, I figured this would be a good time. Staking feature to be implemented in Decentraland's Marketplace. If all the NFT's were to be staked, there will be an additional 500,000 VP coming into the market every month. Staked VP will not be tradable or eligible to be delegated & once the NFT is sold all the previously staked VP that was gained/accumulated from that NFT will be lost. I believe this is a much superior model to mana staking. Please share your thoughts.

Voting Rationale

0x3385…CFAFInvalid question/options503

thats so lame

0xEae2…b50AYes5

Staking should be implemented. Not sure if the rewards are the correct ones (a review is needed to reach consensus)

8 Comments

daoSep 15, 2023

Stake Decentraland NFT's for VP Rewards This proposal has been REJECTED by a DAO Committee Member (0xbef99f5f55cf7cdb3a70998c57061b7e1386a9b0)

daoSep 15, 2023

Stake Decentraland NFT's for VP Rewards This proposal is now in status: FINISHED. Voting Results: * Yes 38% 1,692,730 VP (72 votes) * No 49% 2,131,683 VP (16 votes) * Invalid question/options 13% 580,119 VP (6 votes)

3Point1FourSep 12, 2023

You should, there's no sustainable avenue from which the staked mana can be derived from. As for the VP rewards, more thought should be gone into it since it involves setting up staking mechanisms and perhaps even a sVP (staked VP) governance token. Perhaps a discussion with the governance squad would be good. @MetaRyuk is also one person i'd recommend to include into the conversation for his knowledge in this.

JasonXSep 11, 2023

After further consideration, mana staking is not a good model. Maybe I should delete that proposal.

Existential14Sep 11, 2023

My question on another one of these similar in scope only for mana applies here. Would said assets be unavailable during a staking period or would it be passive, I think is the term?

JasonXSep 10, 2023

Double dipping could be said for both Land and names too. So that is not a valid argument. Once the nft is sold or transferred all the VP associated with that NFT will be lost. This will cover all L1 wearables not just the 6 categories which already receive VP allocation. As for L2's, NO they are not included at this stage. I don't believe they should be unless there was another proposal to include them and community votes indicate they want the L2's to be included.

jar0dSep 10, 2023

Yes, we should taunt the SEC until they take action against dcl, great idea 🤦

CanessaSep 10, 2023

Curious to see the community sentiment on this one. Why limit staking to L1 wearables? Why not L2? Most active users in Decentraland have joined after minting on eth ended, I can see how they would want the wearables they purchased to also give them vp. I can't think of a valid argument against it. Will the 6 categories of L1 wearables already giving vp be allowed to double dip for more vp?