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VITCRewards
Help decentralize and mature VitaminCoin further!
VITC DAO rewards have always been a hard concept to understand; register here, follow this account there. On top of UX issues, the VITC DAO rewards are extremely Quota intensive and are centralized.
I would like to propose a solution that decentralizes DAO rewards, and improves the user-experience greatly.
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The solution I propose includes 2 steps:
  1. 1.
    Restructuring DAO rewards into a trustless smart contract where users liquid stake their VITC tokens in return for rewards.
  2. 2.
    Renaming β€œDAO rewards” to something more straightforward and communicative, such as β€œVITCRewards”
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Advantages to the new and improved VITCRewards:
  1. 1.
    Less Quota intensive, freeing up the VITC treasury for other things.
  2. 2.
    Decentralizes rewards distribution, creating fewer points of failure.
  3. 3.
    Greatly improves the user experience of receiving rewards.
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Please note: staked VITC will be liquid, and will be withdrawable at all times.
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Below is a quick mockup of the frontend.
Frontend Mockup
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