Governance Update | Community Directions Requested

Proposal Lab
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River Project Unstaking Scheme (Core Version · Revised Edition)

I. Core Principles

  1. Free Choice: No mandatory lock-up; respect users’ autonomy to unstake.

  2. Long-Term Incentivization: Reward long-term holders through differentiated mechanisms to guide value consensus.

  3. Deflationary Empowerment: Incorporate penalty components (including overlimit unstaking amounts) into the cycle of burning and staking pool, constructing a deflationary model to support the stable appreciation of token value.

II. Specific Scheme (Implemented by Type)

(I) Type 1: Points-Redeemed Staking

1. Unstaking Rules

  • Unstaking Eligibility: Applications are accepted at any time.

  • Daily Maximum Unstakable Amount = Daily Total Points-Redeemed Staking Amount × 50%.

  • Overlimit Handling (Core Revision): If a user’s daily unstaking application amount exceeds the daily maximum unstakable amount, the following rules apply:

    • Actual Unstakable Amount = User’s Applied Amount × (Daily Maximum Unstakable Amount ÷ Total Daily Applied Unstaking Amount of All Users).

    • Overlimit Amount: The excess portion is not carried over and is directly deducted as a penalty, with no need for users to reapply.

2. Penalty Mechanism

  • Basic Penalty Triggered by Unstaking: Reclaim all remaining earnings corresponding to the user’s staked amount (including accrued but unpaid staking rewards and retroactively recoverable long-term holding rewards that have been distributed).

  • Overlimit Penalty: The overlimit unstaking amount (the staked tokens themselves) is merged with the basic penalty earnings for unified distribution.

  • Distribution of Penalty Pool:

    • 50% injected into the Staking Pool to enhance incentives for long-term staking users.

    • 50% directly burned to reduce the total circulating supply.

(II) Type 2: Direct Token-Purchased Staking

1. Unstaking Rules

  • Unstaking Eligibility: Applications are accepted at any time.

  • Unstaking Amount: No upper limit; based on the actual number of tokens the user staked (accurate to the minimum token unit).

2. Penalty Mechanism

  • Penalty Triggered by Unstaking: Reclaim all accumulated staking earnings corresponding to the user’s staked amount (including all accrued but unpaid and distributed incentives).

  • Distribution of Penalty Earnings: Consistent with Points-Redeemed Staking — 50% injected into the Staking Pool and 50% burned.

III. Core Formulas (Quantitative Implementation Standards)

1. Daily Maximum Unstakable Amount for Points-Redeemed Staking

plaintext

Daily Max Unstake (Points) = Daily Total Points-Redeemed Staking Amount × 50%
  • Explanation: “Daily Total Points-Redeemed Staking Amount” refers to the total new staking amount redeemed via points across the project’s entire network on the current day (excluding historical accumulated staking amounts).

2. Core Calculations for Overlimit Unstaking Applications in Points-Redeemed Staking

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// Actual Unstakable Amount
User Actual Unstake (Points) = User Applied Unstake Amount × (Daily Max Unstake (Points) ÷ Total Daily Applied Unstake Amount)

// Overlimit Penalty Amount (directly deducted and included in the penalty pool)
User Overlimit Penalty (Points) = User Applied Unstake Amount - User Actual Unstake (Points)
  • Explanation: “Total Daily Applied Unstake Amount” refers to the cumulative unstaking application amount of all Points-Redeemed Staking users on the current day.

3. Penalty Pool and Distribution Formulas

plaintext

// Penalty Pool (Points-Redeemed Staking) = Basic Penalty Earnings + Overlimit Penalty Amount
Penalty Pool (Points) = Base Penalty Earnings + User Overlimit Penalty (Points)

// Penalty Pool (Direct Token-Purchased Staking) = Total Accumulated Staking Earnings
Penalty Pool (Direct) = Total Accumulated Staking Earnings

// Distribution Rules
Staking Pool Inflow = Penalty Pool × 50%
Token Burn Amount = Penalty Pool × 50%

  • Explanation:

    • “Base Penalty Earnings” refers to all remaining earnings reclaimed from Points-Redeemed Staking users when they unstake.

    • “User Overlimit Penalty (Points)” refers to the overlimit staked token amount of Points-Redeemed Staking users.

    • “Total Accumulated Staking Earnings” refers to all accumulated earnings reclaimed from Direct Token-Purchased Staking users when they unstake.

IV. Core Objectives

Through the combined mechanism of “free unstaking + long-term incentivization orientation + enhanced deflation via overlimit penalties”, the scheme not only guarantees users’ basic capital flexibility but also restrains short-term speculative unstaking behavior through the strong penalty design for overlimit unstaking. Meanwhile, penalty assets (earnings + overlimit token amounts) are recycled into the staking pool and burning channel, further improving the profit-to-cost ratio of long-term staking and the support for token value.

Supplementary Notes

  • Execution Logic: The smart contract automatically calculates the daily maximum unstakable amount, users’ actual unstakable amount, and overlimit penalty amount. After an unstaking application is submitted, the unlocking, penalty deduction, and distribution will be completed within 1-3 block confirmation cycles.

  • Data Transparency: The daily maximum unstakable amount, cumulative global unstaking application amount, overlimit penalty amount, and distribution details will be synchronized to the project’s governance dashboard in real-time for community supervision.

  • Terminology Consistency: Core terms and formulas are unified in line with cryptocurrency project governance practices, ensuring direct applicability for international community communication.

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interesting take, thanks for writing it out so clearly. I think River’s actual plan might go in a simpler direction than all these quotas and penalty layers, but it’s still helpful to see different angles. let’s wait for the full details before jumping to conclusions — the staking talk is making everyone tense already.