VitaminCoin Whitepaper
  • Introduction to VitaminCoin
  • Meat and Potatoes
    • The Vite Platform
    • Decentralised Autonomous Organisation (VITCDAO)
    • Community
    • Faucets
    • Proof of Sweat
    • VITC ‘Let's Get Moving’ App
  • Nerd Zone
    • Tokenomics
    • Concurrent SBP Rewards
  • Products and Partners
    • VITCSwap
    • VITCStake
    • VITCStartup
    • VITCVault
    • eDAO
  • Passed DAO Props
    • VITCeDAOBurn
    • VITCRewards
    • VITCLabor
  • Summary
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  • The solution I propose includes 2 steps:
  • Advantages to the new and improved VITCRewards:

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  1. Passed DAO Props

VITCRewards

STATUS: IN PROGRESS

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.

The solution I propose includes 2 steps:

  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”

Advantages to the new and improved 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.

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Last updated 2 years ago

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