[RRC-45] Fund Phase 1 of RARI Staking Rewards (25,000 RARI)

Proposals Parent DAO Proposals
#1

Summary

This proposal seeks approval to authorize the staking rewards distributor contract to spend up to 25,000 RARI from the treasury, via an ERC-20 approve() call. These funds will be used to implement Phase 1 of the governance staking program on Rari Chain. The staking program itself was approved via RRC-34: Enable RARI Staking, and the reward amount for Phase 1 was determined in RRC-43: RARI Staking Incentives Program.

Details

  • Staking Contract: Rewards are distributed proportionally to the amount of $RARI staked.
  • Target APR for Phase 1: 25% annualized, based on an estimated 300,000 $RARI migrating and delegating to Rari Chain.
  • Reward Formula:
    RARI incentives = 300,000 * 25% * (4 / 12) = 25,000 RARI

Next Steps

If approved, the treasury will execute an approve() transaction to allow the staking rewards distributor to pull up to 25,000 RARI for immediate deployment.

7 Likes
#2

Hi! Thanks for moving this forward. Phase 1 is scheduled for four months, which is included in the formula but is not explicitly mentioned in this proposal. Is that a parameter that goes into the approve function? e.g., distribute 25,000 RARI over 4 months to stakers.

2 Likes
#3

Yes, good question. Before this proposal goes live, Tally will deploy the staking rewards distributor a contract that distributes the approved 25,000 RARI in rewards over 4 months to stakers.

4 Likes
#4

Everything looks good here, the DAO has been in support of RARI Staking, can’t wait for this to go live.

2 Likes
#5

I love seeing momentum build around $RARI staking!

This treasury allocation feels like a solid move—low overhead, clear math, and strong upside for community engagement. A 25% APR target is a compelling incentive to kick off Phase 1 with serious traction.

1 Like
#6

Thanks so much, @coolhorsegirl for the proposal - I fully support this proposal that impliments Phase 1 of RRC-43.

I did have a question regarding the Phase 1 rewards, that maybe you or the RRC-43 proposal author, @Jaf might help clarify my understanding.

If the rewards of 25,000 RARI for Phase 1 are over a 4 month timeframe, what happens regarding staker’s rewards who keep their stake in the pool, during Phase’s 2 and 3? Do their staked RARI rewards reduce to 15% and 10% respectively, if their staked RARI remains in the pool at the end of each phase?