I’m a 3, 6 and 12 month V1 staker.
I’m a 12 and 47 month V2 staker.
I will share a story.
Once upon a time in the vibrant world of blockchain, there lived a trader and investor named Pepo. Pepo was known for her keen eye in the market, making profitable trades and investments. She had mastered the art of buying at market highs and selling at opportune moments. However, despite Pepo’s expertise, there was a lingering question that haunted her.
Pepo observed the ups and downs of the market, carefully analyzing the movements of various assets. Yet, amidst her successful ventures, Pepo noticed that the value of MC, one of the cryptocurrencies she had staked, continued to decline. This perplexed Pepo, as she couldn’t fathom why, out of all the assets she had traded and invested in, MC seemed to defy her expectations.
Determined to uncover the truth, Pepo delved deep into the mechanics of staking, specifically comparing the features of V1 and V2. She discovered that V1 had boasted a staggering 100 million in rewards and similarly V2 offered 30 million. This revelation struck Pepo like lightning. The rewards system appeared economically unfeasible and unsustainable, leaving Pepo to ponder the implications.
As Pepo ruminated over her findings, a vision began to form in her mind—a dream of a blockchain utopia bathed in the colors of radiance. This vision represented a new world, a realm called BEAM. In Pepo’s dream, BEAM thrived with a multitude of games, talented developers, and enthusiastic builders. The people within this blockchain paradise reveled in their prosperity and happiness.
However, a dark shadow loomed over this dream. Pepo realized that the old MC stakers, including herself, were absent from this envisioned paradise. They had capitulated and abandoned the MC ecosystem due to the flaws of the staking system. Pepo yearned for the dream to become reality, where everyone, old and new, could unite and revel in the promised land of BEAM.
Awakening from this vivid dream, Pepo was struck by the realization that it wasn’t a mere fantasy; it was a glimpse of the future—a future that demanded action. Pepo understood that if everyone desired a bright future for her and others, she needed to advocate for the removal of Staking V2.
With determination in her heart, Pepo sought out like-minded individuals, pooling their collective knowledge and expertise. She formed a group of smart minds who shared her vision and recognized the need for change. Together, they set forth on a journey to reshape the landscape of the blockchain.
Days turned into weeks, and weeks into months, as Pepo and her allies tirelessly worked to realize her dream. Finally, their efforts paid off, and the removal of Staking V2 became a reality. A collective sigh of relief echoed through the community as everyone witnessed the positive impact this decision had on the ecosystem.
As the dust settled, the blockchain flourished. BEAM, the promised land, began to materialize. Games were developed, developers thrived, and builders crafted new wonders. People from all walks of life flocked to this vibrant world, united in their pursuit of happiness and prosperity.
Pepo, the visionary, watched with a mix of pride and joy as her dream manifested into a reality. She realized that her journey had not only transformed the blockchain but also rekindled hope in the hearts of countless individuals. The removal of Staking V2 had set the stage for a brighter future, where everyone could partake in the bounties of BEAM.
And so, Pepo’s tale became a legend, passed down through the generations—a testament to the power of dreams, determination, and the unwavering belief that change is possible. The story of Pepo and her quest to create value.
a. Cancel V2
b. Unlock V2
c. Distribute accrued V2 rewards via a claim system
d. Letter of intention to support Beam value (validate, delegate, build)
As for c, one could argue semi-vested (e.g. 10 days), but I leave that up to the DAO.