Category: Sett Vault
Scope: Outlining the start of the Badger development program and compensation for first strategist.
The Badger developer mining program is intended to reward builders creating new vault strategies and products with the DAO.
15% of the total supply 3,150,000 $BADGER is in a dedicated pool for developers to earn from. With the launch of our 2 new Sett vault strategies this week, we will have our first strategist building and we’ll kick start the distribution of rewards.
We propose 10,000 $BADGER tokens be allocated for developer rewards over the next 30 days.
Monthly emissions for these rewards are voted on by the DAO
We are launching 2 new vaults on Sushiswap led by Andy8052 The 2 vaults are;
- Badger/wbtc Sushi LP
- wbtc/eth Sushi LP
With our first strategist we need to start emissions for the developer mining pool.
As defined before launch, strategists earn 50% of the performance fees (20%) from vaults they launch . They also earn emissions in $BADGER from the developer pool based on total TVL from their vaults.
We propose the first month of emissions should be 10,000 $BADGER tokens. This incentive motivates new strategists to get involved while rewarding those who are first.
After launch the strategist will be receiving rewards daily based on the % of TVL from his strategies vs others. Until there is another strategist, this vault will be the only one mining rewards.
If you are in favour of initial developer reward emissions, vote “for” and if you are not in favour vote “against”. Please share your feedback and guidance around the developer mining pool structure and month 1 emissions.