Spice Points generated by Adoption Fund

General Commons
1

Dear Sovryns,

As I am long term committed to Sovryn, my crypto funds are staked in SOV for the longer term. And as those funds are locked, I could not participate in the BOB harvesting campaign.

However, with SIP-0079 being approved by the stakers, the SOV in the Adoption Fund was used to generate lots of Spice points.

Basically, by approving this SIP the stakers could still indirectly participate in the BOB harvesting campaign.

In my opinion it would be fair to use a significant part of these Spice points to reward (ongoing) stakers (who could not participate in the BOB harvesting campaign because their SOV was locked and committed to Sovryn), and by doing so making staking more attractive, which benefits the Sovryn project.

Looking forward to your opinions on this.

Stay Sovryn!

12 Likes
2

I support this, i’m also max staked with almost all my funds and could not participate in the spice program.

2 Likes
3

This fair! Must support the people that support the project.

1 Like
4

Sounds solid, I am max staked but bought SOV extra to play the spicey game… so now I got sov in different area codes :slight_smile:

1 Like
5

The spice points will be used to attract LP in the BOB chain.

6

As stakers, they have captured the value of the protocol. Every swap, LP, loan, or trade that will be made on Sovryn is directed towards the SOV stakers. I think it’s not coherent, with all due respect, what you’re saying…

Anyway, it’s like @capitalist42 thinks, Spice will generate liquidity and SOV incentives.

7

Do you mean SOV stakers on BOB or Rootstock. We can’t distribute points to SOV stakers. BOB do not allow projects to “keep” more than 20% of the Spice. We are in the process of distributing the Spice.