My understanding is that the current rewards campaigns are intended to create enough demand early on in RAI roadmap, so that rewards can be switched off further down the road and the system will be self-sustaining. I’m in favour of that.
The current FLX emissions are too high and need to be reduced. But doing that while also switching to a stricter vesting model for all campaigns would turn off a lot of degens and frankly we need the demand they bring to the table. More mature platforms like Aave already have a good degree of natural demand and can do strict vesting and still be attractive. If we turn too many of degens off too early, we might end up havnig vested rewards for an ecosystem with stalling growth which is in no one’s interest.
Instead I’d be in favour of decreasing rewards; not vesting for campaigns except staking (participants are likely already quite long FLX and wont be deterred); and instead moving to continuously accurred rewards that can be claimed at any time.
That’d make FLX rewards campaigns more accessible and tangible for degens, hopefully sufficiently so to offset any fall in demand from reduced rewards. It’d also spread token dumping out more evenly rather than over one large dump each month, making reward APYs seem more stable and attracting some more conservative participants.
I understand that more frequent rewards unlocks is on the roadmap, I’d be in favour of that. If we do decide to do more vesting, then I think these two things should be introduced together and hopefully they can offset one another a bit.