The Countermeasure 2.5｜Conversion 2.0 Upgrade Parameters

Proposal Lab
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This update consolidates all components of the Conversion 2.0 mechanism into a single draft document.

It is being shared now because many parts of the design came directly from community suggestions, and the next step is to review the full structure together before anything is finalized.

The document explains the mechanism only. It is not financial guidance and should not be used as a reference for secondary-market decisions regarding River Pts or RIVER.

Every part of this proposal is still in the discussion stage and open for adjustment based on community feedback.

0. Before You Read

When conversions resume, where does the rate start?

At the current day-index based on days elapsed since TGE (2024-09-22). No reset occurs.

  • If the last reference was Day 64 and seven days have passed → Day 71 rate

  • If resumed on Day 70 → Day 70 rate applies

What do I receive after conversion?

All conversion results are delivered as Staked RIVER, with selectable durations of 3 / 6 / 9 / 12 months. The chosen duration also determines the actual amount of RIVER received, where longer durations correspond to a higher share of the base conversion output.

Does this document relate to market pricing?

No. This document describes conversion mechanisms only and should not be used as reference for secondary-market decisions for River Pts or RIVER.

1. Conversion Window Structure

1.1 180-Day Conversion Window

The mechanism continues to follow a fixed 180-day progression curve exactly as originally designed.

1.2 30% Maximum Conversion Allocation

Total conversion remains capped at 30% of the designated supply.

These two parameters remain unchanged. All other components are upgraded.

2. Overview of Conversion 2.0 (Draft)

Conversion will resume under the upgraded mechanism.

The previous linear model will not return because both community feedback and simulations showed that it cannot handle concentrated activity or liquidity shocks.

Conversion 2.0 introduces four upgraded components that together create a predictable and self-moderating system.

All parameters here are still open to discussion.

2.1 Daily Conversion Cap

To prevent extreme single-day pressure that could distort rate behavior. This distributes participation across time and stabilizes short-term behavior, even during demand spikes.

Daily Conversion Cap: 20,000,000 River Pts.

2.2 Per-Conversion Limit

Ensures equal access to daily capacity and prevents system disruption by oversized transactions. No single address can consume the full daily quota

Maximum per conversion: 1,000,000 River Pts.

2.3 Dynamic Conversion Curve（Integral Pricing Model）

The original model used a static, time-based rate that did not respond to participation density.
Conversion 2.0 replaces it with a continuous integral curve that adjusts instantly to activity levels.

2.3.1 Marginal Rate Function

r(p) = r_{\text{prev}} \cdot e^{-\,k \cdot p / P_{\text{epoch}}}

Where:

  • r_{\text{prev}}：rate before this conversion
  • p：depth variable
  • P_{\text{epoch}}：epoch capacity
  • k：decay coefficient

This produces density-sensitive rate compression.

2.3.2 Conversion Output（Integral Curve）

R_{\text{base}} = r_{\text{prev}} \cdot \frac{P_{\text{epoch}}}{k} \left( 1 - e^{-\,k P_{\text{in}} / P_{\text{epoch}}} \right)

2.3.3 Rate Update

r_{\text{new}} = r_{\text{prev}} \cdot e^{-\,k P_{\text{in}} / P_{\text{epoch}}}

This reduces the rate proportionally to participation density.

2.4 Half-Life Recovery

The system uses an exponential recovery formula to move the rate smoothly toward the baseline curve:

r(t) = r_{\text{new}} + \left( r_{\text{base}}(t) - r_{\text{new}} \right) \left( 1 - e^{-\,\lambda (t - t_{\text{last}})} \right)

The recovery is continuous and MEV-resistant.

2.5 Conversion Output and the Yield Earned Through Staked RIVER

All conversion output will be delivered as Staked RIVER, and the first thing to make clear is that Staked RIVER earns yield.

Once converted, the position continues to generate RIVER Pts throughout the staking period. These ongoing RIVER Pts form the yield. Depending on participation and the chosen duration, the returns can be meaningfully strong.

In addition to yield, Staked RIVER carries voting power. This means the position gives both influence and income.

Holders who stay aligned with the system gain measurable rewards instead of being pushed into the liquidity pressure that the old instant-liquid model created.

This structure shifts conversion away from short-term rotation and into a format that builds long-term value.

Receiving Staked RIVER prevents sudden supply shocks and directs rewards through a steady, rules-based yield mechanism.

Staked RIVER is intended to be a productive asset. It participates in governance and it earns.

Fixed multipliers

Durations Voting Power
3 Months 1x
6 Months 2x
9 Months 4x
12 Months 8x

Formula

R_{\text{final}} = R_{\text{base}} \times M_{\text{duration}}

Longer staking durations receive a larger share of the same base output, which increases both governance weight and yield.

2.5.1 Numerical Example（1,000,000 River Pts）

Let’s use a simple example to show how the conversion works. Suppose you convert 1,000,000 River Pts on Day 90, and the Day 90 conversion rate is 0.01.

For this illustration, ignore integral adjustments and just use the base rate.

  • Input = 1,000,000 River Pts
  • Day 90 Conversion rate 0.01
  • Result 1,000,000 River Pts × 0.01 = 10,000 Staked RIVER

In this simplified example, 1M River Pts converts into 10,000 Staked RIVER (R_base) before applying caps or curve adjustments.

The table below shows how the 10,000 Staked RIVER is distributed across different staking durations.

Each duration receives a different portion of the same base output. The total does not increase or decrease. A longer duration only shifts a larger portion of the base amount to that period.

Staking Duration Conversion Reshare Receive
3 Months 45% 5,500 Staked RIVER
6 Months 30% 7,000 Staked RIVER
9 Months 15% 8,500 Staked RIVER
12 Months 0% 10,000 Staked RIVER

Early Unstake:

An Early Unstake option will be available, allowing users to exit before the selected duration. Exact rules will follow in the official staking announcement.

3. Why the Upgraded System Works

Across all simulations (published in 2.2 and 2.4):

  • Dense activity produces proportional rate compression
  • Low activity allows smooth recovery
  • Output is more evenly distributed across time
  • Timing attacks and MEV extraction are suppressed
  • Splitting does not increase output
  • Mechanism remains stable under stress tests

Conversion 2.0 achieves predictability, fairness, and long-term alignment.

4. Next Steps

The team is concluding:

  • parameter calibration
  • integration testing
  • audit and validation
  • preparation for activation

This draft will continue to evolve with community feedback.

All updates will be published on the Forum after a full review.

Appreciation goes to everyone who has taken the time to share suggestions. The discussions will continue on the Forum, and more suggestions and ideas from the community are always welcome.

Reference

1 Like
For River Community Message
Conversion 2.0 Activation
2

The proposed staking system is not a positive mechanism that incentivizes holding $River, but a punitive one.
Several users, myself included, raised concerns about this.
In the end, the new system the team presented was entirely decided on their own, with no user feedback reflected.
Since the team makes such major changes to the system unilaterally, voting power is completely meaningless.

5 Likes
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我认为积分兑换后，再进去到一个质押程序里来线形释放是极其不合理的理由如下：

1，显示出项目方没有实力来运营项目，只能通过层层设卡来延迟兑换。

2，对于更长质押时间，用户难以承担，在本次危机还没有处理好的情况下，埋入下一个危机的种子，用户不相信在这个过程中会不会再次出现此类事件，用户放弃跟随！

3，在s3后期乃至未来营销上彻底与现在脱钩，如第二条讲的，用户不会为了如此长的时间和不确定的事情再为river 做事！

以上是个人和大多数人的想法，下面就如何更改发表下意见供团队参考

1，取消兑换后再质押线形释放规则，变为鼓励用户参与质押，（比如质押给分红、积分或者其他权益）用户可自主选择质押期限，如用户提前赎回，收益可以为0，如到期领取收益后，仍然可以参与下一轮的质押，就像银行理财产品一样。这样不就是能让客户一直留下吗？

请团队要考虑的是如何留住用户，而不是设置规则困住用户，就算一时的解决了你们所认为的抛压问题，但相应的来说也不会有新的血液进入了！

请团队三思而后行！

2 Likes
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这个转换再质押真的很差的主意哦。我个人的想法是这样的，要么转换时间比下降，到270天转换率最高0.03，因为一开始关闭转换通道后，我能接受的就是延长90天的转换期。要么就是转换质押可以，但哪有质押不够久就不给全的，可以根据质押的时间长短先给一部分。比如质押三个月能先拿15%，质押一年拿50%这样。

1 Like
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This kind of system will collapse the point system. Nobody wants to earn points anymore if you can only get your deserved reward 1 year later. Might as well invest your time and energy in a competitor.

The best solution is to forget about Staked River.

If you want to prevent large volume selling, or sudden drop of capital,

Instead, allow normal River to be Staked voluntarily to give rewards, with anytime unstaking.

2 Likes
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The market price of Riverpoints show how much people want it.

It is therefore easy to gauge how much people will participate to earn it, from now on.

1 Like
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这难道不是一种强制？是否真的考虑过社区意见，我们有选择是否质押的权利，你可以给质押者长期回报，但是你不能强制所有人都质押

1 Like
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我非常赞同这种做法，这完全就是将积分置于死地，而大部分的黑奴皆会揭竿而起，项目方你既然无力护盘维护币价，用这种方法来踩踏 $riverpts，我认为对积分是非常不公平的，应该人性化选择质押积分的时长，不管质押时间的长短都不应该扣币，你可以三个月释放多少，半年释放多少，一年释放多少，如果是扣去用户的币数 我认为会把积分带到万劫不复的境地。

yaojing via River <notifications@river1.discoursemail.com> 于2025年11月27日周四 14:59写道：

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Exactly.
Forget about Staked River.
The team has fundamentally misunderstood the situation.
Instead of wasting time on all these pointless little gimmicks, please focus your efforts on increasing the value of $River.

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According to the current rules, after exchanging at a rate of 0.01, I can only receive 55% of the total amount if I lock it up for 3 months — which is equivalent to a 45% discount on the exchange rate (effectively reducing it to 45% of the original rate). To get 100% of the amount, I have to lock it up for 12 months. If I wait 180 days to exchange and then another 12 months to unlock, that’s a full year and a half. Essentially, the exchange period is being artificially extended by a year. Getting only 55% with a 3-month lock-up is downright unscrupulous. The project team really needs to rethink this

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I think the team should abandon the idea of forcing users to stake River after converting their points. Everything you are doing only shows that you are trying to find every possible way to reduce the conversion ratio from points to River

14

“My personal opinion.”

I’ve noticed that you seem to believe the 30,000,000 River allocated to the community is too much. When you introduced the dynamic conversion mechanism, you expected the amount of points converted into River to be high. However, because users provided liquidity and traded on the DEX, the actual amount of points converted into River was lower than expected, meaning the remaining River after conversions would not be as large as you initially thought.

Therefore, it feels like you are now trying every possible way to reduce the amount of River distributed to the community

15

当下项目方最应该做的，就是尽可能降低新机制更新对社区的负面冲击，然后转向让用户主动质押的路径来缓解抛压，让用户自己说服自己，永远比项目方硬推更容易成功。

同时，尽快做大蛋糕，最直接有效的就是推动现货尽快上线头部交易所（如币安、韩国交易所……），这才是当前最优解。

否则，项目方只会陷入追求机制尽善尽美的怪圈，最终耗尽最早陪你一起把S1、S2做起来的社区成员的热情。请不要辜负那些靠不断质押和积极发帖把项目撑起来的人。

具体执行上，可以在用户把 $RiverPts 兑换成 $River 后，提供比当前四个档位丰富得多的灵活质押选项，真正满足不同风险偏好和资金周转的用户需求。

至于提前解锁，不应再设置最高45%的惩罚机制。存银行提前取款也不会被罚没近一半本金。可以改为提前取出只拿回本金、不获得质押奖励、治理权和代币分红权，而原有的这些奖励，按比例分配给愿意继续灵活质押的用户，这样既不惩罚有需求的用户，又能显著激励后面的用户质押得更久。

总而言之，当前应以疏为主，而非一味堵截。老实说，从代币经济学看，投资人线性解锁真正开始是在第4个月，现在的严苛限制已经带有明显“保护投资人退出”的意味。可一旦用户因机制过严而离场，谁来为投资人后续退出提供流动性呢？恐怕项目方有可能连之前上那么多交易所的成本都收不回来。

趁新机制尚未正式上线，务必再次仔细复盘利益分配机制，三思而后行！

2 Likes
16

Thanks to everyone who shared their views.

The points below are intended to keep the discussion clear and focused on the parts that can still be shaped together.

Why adjustments are needed

Our simulations show that under the current liquidity and participation levels, the original structure cannot remain stable. The same failure points reappear, even when optional staking is included.

The draft uses a Conversion Cap and a Dynamic Conversion Curve because these were the only structures that stayed reliable across all tests.

About Staked RIVER

Many users prefer more flexibility in the conversion output. Staked RIVER appears in the draft because it held up technically under stress tests, not because other approaches are excluded.

If a different direction is preferred, it helps to describe it in a form that can be tested, for example:

  • alternative output format
  • early-exit parameters
  • adjusted duration ratios
  • a formula that works in both low-liquidity and high-participation scenarios
  • a simple table or example structure

Any concrete model can be run through the same simulation environment.

Discussion remains open

This proposal is still a draft. Nothing is final. If any caps, ratios, or staking rules feel unsuitable, suggestions with clear numbers are welcome.

Once parameters are provided, we can compare versions transparently and evaluate them under the same conditions.

We take this seriously. The community comes first in every step. The goal is simple: make the outcome better for the people who are actually here.

As we work through the mechanism, we are also spending time on the parts that matter: real development, new integrations, and community activity that has purpose.

Nothing for show. Just steady work that leads to improvement over time.

1 Like
17

Alternative Proposal to Replace the Current River Staking Mechanism

I propose a simpler and more transparent adjustment:

Set a daily cap on the amount of RiverPts that can be converted

Apply daily linear unlocking based on a fixed percentage

Example:

Daily conversion cap: 2,000,000 RiverPts/day

Daily linear unlock rate: 1% per day

Conversion rate RiverPts → RIVER: 0.03

With this setup:

Maximum RIVER converted per day: 60,000 RIVER

Daily unlocked amount: 600 RIVER

Total accumulated unlocked RIVER on day 100: 60,000 RIVER

This approach helps control the amount of RIVER unlocked into the market each day, reduces sell pressure, and provides greater stability for the ecosystem.

18

Thank you for providing the official reply.

Everyone, like what the reply said, you need to provide data that can be used in simulation, to prove that your solution is better.

So unless someone can provide something better, with simulation data better than the team’s, it looks like the proposed Staked River system will be used.

19

Even at this point, you still don’t realize that what you’re doing is nonsense.
No matter how many complicated formulas you introduce or how much you tweak the parameters, none of that contributes in any way to increasing the value of $River. It’s nothing more than a set of measures to prolong the life of something that has no value.
If you truly want to make this project sustainable in the long run, stop with the pointless tricks, focus on creating real utility for $River, give it actual value, and work on winning back the users’ trust.