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Add "Maxout" Bonus for Liquid Mining Staking

Governance should consider how to encourage people to max out their mining passes.

One idea is simply adding a Max Out Bonus for lower mining pass levels.

This would serve a couple of goals.

1) Drive demand for VPND by users who want to max out a mining pass level
2) Increase potential participation in paid mining passes (increasing revenue for DEX)
3) Give lower VPND holders a better ROI and make it more worthwhile for them to participate (which helps items 1 & 2 above)

Here's how I see it working:

If a user stakes the maximum VPND for a mining pass, a season-long boost is added to their point totals

Level 1:: 5% Max Out Bonus (Stake 10k VPND, get equivalent points as if you had 10,500 VPND staked)
Level 2:: 3% Max Out Bonus (Stake 25k VPND, get equivalent points as if you had 25,750 VPND staked)
Level 3:: 3% Max Out Bonus (Stake 60k VPND, get equivalent points as if you had 61,800 VPND staked)
Level 4:: 2.5% Max Out Bonus (Stake 150k VPND, get equivalent points as if you had 153k VPND staked)
Level 5:: 2% Max Out Bonus (Stake 350k VPND, get equivalent points as if you had 357k VPND staked)
Level 6:: 1.5% Max Out Bonus (Stake 800k VPND, get equivalent points as if you had 812k VPND staked)
Level 7:: 1% Max Out Bonus (Stake 1.8M VPND, get equivalent points as if you had 1.818M VPND staked)
Level 8-10 get no bonus

The latter is intentionally left with no bonus, as once you reach this level your ROI is substantially better than the lower levels, and whales at these levels will benefit from the increased demand for VPND and increased revenue for the DEX.

2 comments

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Comments2

  • Renegade

    •

    Aug 10, 2023

    I like this idea!

    • Justin McCormick

      •

      Aug 11, 2023

      Use your influence and make it happen :)