Ideas on Moving Towards Staking

[Eswak]

Hi guys,

Here are some stats from my dataset shared in this thread (snapshot on 2021-04-12), that may inform this discussion :

Total TRIBE holding
   1-1k   TRIBE :  1 922 879
   1-10k  TRIBE : 12 313 260
  10-100k TRIBE : 29 810 473
 100-500k TRIBE : 28 818 034
500k-3M   TRIBE : 33 706 930
   3M+    TRIBE : 34 711 172

Average FEI held per TRIBE
   1-1k   TRIBE : 2.28
   1-10k  TRIBE : 1.42
  10-100k TRIBE : 2.03
 100-500k TRIBE : 1.77
500k-3M   TRIBE : 1.20
   3M+    TRIBE : 0.98

It looks like, on average, TRIBE holders also have some FEI, so this does not seem to be true :

@tribal_deedZ

100% TRIBE holders will have a lot of say in passing the proposal, we need to find a solution that makes sense for them. Currently, the extra 100mm of tokens aren’t easily accessible to this group without getting absolutely gutted on a conversion of 50% TRIBE to FEI.

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Second point :

@Inaniel

The extra staking rewards from FIP-2 will be released over two years, so solutions don’t need to be extremely time sensitive

The distribution is linearly decreasing so most of the TRIBE rewards will be distributed early, I think the solutions need to be a bit “time sensitive”. If it takes 6 months to put in place, over 40% of the staking rewards will be gone already.

Put visually :

As you said @Inaniel :

@Inaniel

I’ve come to be convinced that 50/50 FEI/TRIBE positions are healthier for the long term success of the protocol

I changed my mind about that, too, and the staking rewards look good to me as they are