0.9% of the SAFE supply will be distributed until Feb 15 and 10% reserved for future incentives for stakers. Does that mean that 4.1% of the SAFE will remain in the Gnosis DAO treasury?
To be precise: All SAFE tokens, which are vested to GnosisDAO should be distributed as described until we distributed 10% of the total SAFE token supply. This does not necessarily imply that GnosisDAO should not distribute the remaining tokens as well, but this decision will only be relevant in a few years.
Will only sGNO/GNO LPs be rewarded or also sGNO holders?
The proposal suggest to only reward LPs.
How long will the SAFE tokens be vested?
The tokens allocated to GnosisDAO are vesting over 4 years. So in case, GnosisDAO would distribute all SAFE tokens to GNO holders the additional yields would last for 4 years.
1° - Is it correct that currently the only option available for staking is to be an individual staker (eg dappnode users)? If not, which of the three other categories is live today?
You can also use Stakewise to participate in liquid staking. If you provide liquidity between sGNO and GNO on curve you will receive SAFE tokens.
2° - Please clarity ‘10% of the remaining SAFE tokens’. Is it 10% of 14.1% (15%-0.9%) of all Safe token supply? in such case Gnosis DAO would retain 12.69% of all Safe token…Or is it 10% of 15% of all Safe token supply? in such case Gnosis DAO would retain 4.10% of all Safe token…
GnosisDAO would retain only 5% of all Safe tokens.
Still I didn’t get you clear, 0.9% 9 million of vested safe will be distributed every month till 15 February 2023 or you mean total amount to be distributed is 0.9%?
Also you mean sGno holders will not receive safe ?
Is snapshot taken?
To 0x9a547bfab75183e498
If I may, I would recommend you to read the first line of the proposal and click on the link to GIP 29, then you’ll be able to get all information on how various categories of Safe stakeholders have been considered.
As one of the stakeholder, Gnosis DAO is entitled to 15% of all safe tokens. The current discussion is related to the best way it should be used in the interest of Gnosis DAO. So it means your question is probably out of context because the point you are making was already considered in the previous discussions of GIP 29 (which is closed now). Hope it may help.
Safe users on Gnosis Chain are not rewarded with this proposal. GnosisDAO and Safe DAO have a shared pool of 5% of the total Safe token supply, which should be used to incentivize and foster Safe adoption on the Gnosis Chain. Any initiative related to Safes on Gnosis Chain should come out of this budget and would require a separate proposal.
Until the end of the locking period, about 0.9% of the total supply of SAFE tokens (9M) will be distributed. sGNO holders only participate if they provide liquidity for GNO:sGNO on curve.
That’s a great and fair distribution. I read on safe distribution (the 15% allocated to safe with is 150m safe) 10m will be available right away while the remaining will be vested for the period of 4years, so now I have one suggestion or advice;
In the distribution of 0.9% to GNO lockers why not in first month to distribute non vested safe while the remaining coming months to distribute vested safe. at least when safe trading open GNO lockers will have some little things in there hand before 1st may, 2023 thanks
Where would AllNode stakers fall under the intial 0.9% distribution? It seems as they would fall under the “professional staking services” group, though I don’t get the rationale for excluding them from the first group as they also have mGNO locked and are also paying out of pocket to help secure the chain. Idk to me their contribution seems on par with the rest of the first group.
Until mid-February, all staked GNO is treated equally. After mid-February different categories will receive different % of additional SAFE token rewards but it is not decided yet, how the distribution is. AllNodes should fall under cloud-hosted staking providers and allows better decentralization compared to professional staking services like e.g. figment but this has to be discussed.
Is all the 0.9% vested token or its same pattern with safe users 50% will Be claimable right away the remaining will be vested for 4years, please I need clarification on this
The tokens given to stakers are taken from the tokens vested to GnosisDAO. Every months, the tokens vested to GnosisDAO will be redistributed to stakers. It is a stream of 100.000.000 tokens over a few years.
Seriously this is sad news to GNO lockers, we locked our thousands of dollars we end of getting… In return.
Even the cow token that was airdrop to bus you guys delayed the distribution till cow dumped to $0.30 from $3.
We locked our GNO when GNO Price is above $300 per GNO now look at the current price of GNO!
Honestly speaking you guys are not suppose to treat GNO lockers this way, we supposed to receive non vested token in the first month of the distribution while the remaining months should be vested token.
You guys supposed to reasons enough! Ordinary safe users will receive 50% of there airdrop allocation while we that locked our asset without any promise of apy get vested token!!!
Am not fuding but what if $safe dumped hard like $cow in may next year what is our Gain of locking our GNO?
