Staking Vault
Last updated
Last updated
The essence of the staking vault is that any members that stake tokens or NFTs will receive rewards(for example APYs) because staking is a display of one’s long-term commitment to the DAO and belief in the future of the project.
The structure of the staking vault will be built by developers, with guidance from founding members, first and then with time will be iterated on in a democratic fashion via community-written proposals.
The initial staking vault will include a core set of features. Including, anyone who stakes tokens will be directly compensated $RISE token via smart contracts into the non-custodial wallet. Although the amount and technological mechanics of the compensation structure will be open to change based on the community-driven proposals.
Over time RISE will develop various different staking vault technologies allowing users to choose what they’d like to stake (NFTs, in-game assets, $RISE token, etc.) and what type of rewards they’d like to receive as a result. These rewards could be collected in the form of tokens, NFTs, additional RISE DAO membership privileges, merch discounts, receiving merch, etc. To be able to claim an annualized yield of rewards for a specific activity, token holders will have the option to stake in the vault they want rewards from.
There will be multiple vaults, one connected to each . While the main vault will include all of the smaller SubDAO vaults. This means that token stakers will have the option to stake into an all-in-one staking system, the main vault, that will reward a portion of earnings from each vault proportionate to the amount of staked. This means that it is a Super Index, that includes all revenue-generating activities such as but not limited to subscription, merchandise, rentals, treasury growth and subDAO index performance.
Each specific SubDAO vault will have specific rules such that it can stipulate a lock-in period and/or a rewards escrow or vesting period in some cases.
The mechanics of staking vaults will be dynamically updated on RISE’s official website.