This is the first of four parts of a community drafted proposal that originated from Discord chat and being moved here-
Purpose: The goal of this proposal is to further align the interest of the stakeholders (capital provider, cover buyers, liquidity provider) and the DAO as a whole by encouraging long term stakeholders. We would like to encourage and attract long term capital and liquidity providers as well as provide additional value and utility to long term stakeholders in USF.
Create a single asset USF pool for long term USF holders that brings value to the stakers in the pool and encourages community involvement including voting in governance as well as promotion of the platform.
A. All users can stake their USF in a single asset pool, and receive sUSF in exchange. The initial ratio of USF:sUSF is 1:1, but will increase over time. (see below)
B. There is a 48h withdrawal delay when unstaking from the USF pool. This is to ensure long term commitment in the face of market moves
C. To start incentivizing the pool, an initial 100k USF allocation for rewards will be distributed over the course of 2 Epochs and be calculated block per block and on a prorata temporis basis based on the percent USF you own in relation to the size of the pool at each block. This initial allocation is meant to encourage initial participation and interest. This may even help convert previous short term farmers into long term investors and community members. (Note: a Long Term Thinker incentive allocation is already planned, this sUSF vault is expanding on the idea)
D. After the initial allocation, this pool will receive a share of the DAO benefits including profit sharing from premiums, fees from short-term holders, and discounts on buying cover (see below)
E. A consideration for this effort should be the priority and amount of dev time that it takes to accomplish this. One option may be a temporary pool with little overhead using a fork to solve immediate problem and then put forth a longer term plan to devote time to customization.