This proposal aims to reward active Popcorn users, specifically those participating in PopcornDAO governance. Users who have staked their POP and used their vlPOP to vote on snapshot proposals should be rewarded for participating in PopcornDAO governance, developing the protocol, and ultimately growing our community.
Allocate 10,000 POP to the rewards pool
Record wallets who voted on the upcoming PIP-7, PIP-8, and PIP-9 snapshots
The total amount of rewards distributed per user will be determined by the full allocation of the rewards pool divided by the total number of vlPOP holders who voted. vlPOP holders who voted on both proposals will be rewarded proportionally.
Increase PopcornDAO governance participation
Incentivize user activity on popcorndao.finance
Inject more utility into the POP token
Governance participation is vital to the success of a decentralized organization and protocol. By virtue of incentivizing DAO participation by rewarding POP stakers, we can also expect buy pressure for the token which is beneficial for all PopcornDAO members, which will ultimately attract more DAO members who are mission aligned with Popcorn.
Take a snapshot of all wallets that voted on PIP-7, PIP-8, and PIP-9 after PIP-9 is complete
Voters will be rewarded proportionally to how many times they voted with an equal share from the rewards pool, meaning if you voted twice you will receive double the amount of the equal share received amongst one time voters.
POP rewards will be airdropped within 1 week after PIP-9 has been closed
POP rewards will be staked for you and will follow the same 12-week lock stake window with 10% claimable and 90% vesting linearly after unlock
Your voting power will increase as a result of the airdrop
The intention with this proposal is to incentivize current and new PopcornDAO members to participate in governance. Dependent on the effectiveness of PIP-8, we can submit periodic proposals to incentivize PopcornDAO participation.