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.
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.
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.
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.
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?
What this means for a staker who keeps their RARI in the pool is that their share of the rewards in Phases 2 and 3 will be based on these new, lower total reward pools (15,000 RARI and 10,000 RARI respectively).
The idea is to strongly incentivize early adoption and migration, and then gradually reduce the emission of new RARI for staking rewards as the program matures.
This is great, thank you so much, @Jaf . That was what I presumed, but I wanted to ensure that I understood how the staking rewards will work for Phases 2 and 3 as well. I’m looking forward to the seeing the reporting on how much staking value is created as I think this proposal is a fantastic way to get more ppl involved and excited about the RARI token.
Thanks for the proposal @coolhorsegirl, I’m also happy to see the staking is making progress now. Do you already have a timeline for the implementation? I hope to see a marketing strategy in combination with the launch of staking, so it would be good to be on the same page there.
Also, the rewards are going to be paid out from the treasury on mainnet, if I understand this correctly. Are you going to bridge them to RARI chain then?
We also have a proposal template. Would be great if you could adapt that before it goes to voting.
For now, the funds approved for the program were transferred to the foundation’s Safe on Mainnet, but they will be bridged to Rari Chain and deposited into the DAO Treasury at 0x83CBaF64b94D1eDfeDd468b23234DeCf2AecDD8b.