Surplus VSP Budget for Avalanche Launch #49
Description
VIP-21: Surplus VSP Budget for Avalanche Launch
Summary
Approve +50,000 VSP over two months following the Avalanche production launch to attract initial depositors and grow the community on the Avalanche ecosystem.
Abstract
Vesper has maintained a process of incentivizing depositors with VSP tokens since the production launch of the platform. As a result, key unifying lessons were realized and brought to attention by the community. With this in mind, the proposal is to launch a 60 day token addition to the existing framework in order to help secure additional growth, drive protocol metrics, and revenue. This proposal is driven by a commitment to making thoughtful decisions that benefit the community and the platform's longevity.
In order to maximize impact of our Avalanche launch, this proposal outlines an additional 50,000 VSP allocation over two months following the launch:
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35,000 for the first month
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15,000 for the second month
The purpose of these rewards are to aid in a strong initial start on Avalanche. There is a flourishing DeFi ecosystem on AVAX without a strong yield aggregator like Vesper. These additional VSP are intended to grow the Vesper community on Avalanche.
Expectations
In addition to the standard 27,500 monthly framework, there will be a surplus of up-to 35,000 VSP and 15,000 VSP for the first and second months after Avalanche launch, respectively.