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.
- 1.Restructuring DAO rewards into a trustless smart contract where users liquid stake their VITC tokens in return for rewards.
- 2.Renaming “DAO rewards” to something more straightforward and communicative, such as “VITCRewards”
- 1.Less Quota intensive, freeing up the VITC treasury for other things.
- 2.Decentralizes rewards distribution, creating fewer points of failure.
- 3.Greatly improves the user experience of receiving rewards.
Please note: staked VITC will be liquid, and will be withdrawable at all times.