This proposal aims to 1) obtain 9M MARS from the community pool funds and 2) Use these MARS to help secure the Mars Hub by rewarding Mars Hub stakers for a period of 12 months.
We propose here that Mars Hub stakers are collectively rewarded 750,000 MARS per month for a total of 12 months (i.e. a total of 9M MARS). We also propose here that the Mars Community approve a spend of 9M Mars from the Mars Community pool to fund these rewards.
Protocol revenue at launch will likely be low and so the rewards to stakers will also be low. To ensure the integrity of Mars Hub isn’t compromised, validators and stakers need to be rewarded well (in the form of additional Mars governance power through MARS) to foster a secure and healthy validator ecosystem.
It is proposed that 12 months of rewards be implemented pursuant to this proposal.These MARS rewards would be taken from the community pool on Mars Hub and rewarded directly to validators/stakers on the Mars Hub.
The main risk associated with this proposal is that the proposed rewards could be insufficient to create the targeted level of security. In the event this were to occur, additional MIPs should be submitted to amend the incentivised staking program
This proposal, if successful, will be binding and enforced as it requires only on-chain infrastructure and can be implemented automatically upon the voting period elapsing. To do so, the MsgCreateSchedule message shall be executed. This will automatically obtain the required funds from the community pool and distribute the rewards to stakers every block
This proposal is being made by Delphi Labs Ltd., a British Virgin Islands limited company. Delphi Labs engages in incubation, investment, research and development relevant to multiple ecosystems and protocols, including the Mars Protocol. Delphi Labs and certain of its service providers and equity holders own MARS tokens and have financial interests related to this proposal. Additionally, Delphi Labs is one of several entities associated with one another under the “Delphi Digital” brand. Delphi Digital’s associated entities and/or equityholders or service providers of such entities may hold MARS and may have financial interests related to this proposal. All such entities, service providers, equity holders and other related persons may also have financial interests in complementary or competing projects or ecosystems, entities or tokens, including Osmosis/OSMO. These statements are intended to disclose relevant facts and to help identify potential conflicts of interest, and should not be misconstrued as a complete description of all relevant interests or conflicts of interests; nor should they be construed as a recommendation to purchase or acquire any token or security.
This proposal is also subject to and qualified by the Mars Disclaimers/Disclosures. Delphi Labs may lack access to all relevant facts or may have failed to give appropriate weighting to available facts. Delphi Labs is not making any representation, warranty or guarantee regarding the accuracy or completeness of the statements herein, and Delphi Labs shall have no liability in the event of losses or damages ensuing from approval or rejection or other handling of the proposal. Each user and voter should undertake their own research and make their own independent interpretation and analysis of all relevant facts and issues to arrive at their own personal determinations of how to vote on the proposal.