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Proposal for Enhanced Token Locking Mechanism on Cosmos Hub

Hub Proposals4 posts538 views4 likesLast activity Feb 2024
DM
Dmitriy_DintsenOP
Feb 2024 1

Introduction: As the Cosmos Hub community continues to evolve, it is essential to reassess and enhance the existing token locking mechanisms to align with the dynamic nature of the ecosystem. This proposal advocates for an adjustment to the current token lock duration, from the existing 21 days to a more flexible and user-driven period of 4 years. Additionally, we introduce a progressive rewards structure to incentivize users to opt for longer token lock durations. Key Changes Token Lock Duration: Current: 21 days Proposed: 4 years This change aims to strike a balance between providing security to the network and allowing users greater flexibility with their locked tokens. Individual Choice: Users will have the freedom to choose the lock duration that best suits their preferences and strategic objectives. Progressive Reward Structure: Introduce a tiered reward system based on the duration of token locking. Each additional year of token locking will result in a percentage increase in rewards. Rewards Calculation: For each additional year of token locking, a certain percentage (to be determined by the community consensus) will be added to the base…

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WA
waqarmmirza
Feb 2024 2

Hey @Dmitriy_Dintsen, is this prop is an alternate solution for Atom wars?

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Dmitriy_Dintsen
Feb 2024

Hey, @waqarmmirza maybe, but I didn’t want to touch the voting power because it might cause problems.

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Guinch_Roze
Feb 2024 1

where is the liquid staking module located in your mecanism ?

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