Thanks for further clarification. Sounds good & definitely a supporter of a more simplified claiming process.
However, most vKP3R are more than familiar with the redemption process at this point. What prevents rKP3R from being restored for vKP3R rewards on the current contract?
More than happy to provide support comms on claiming in batches of 50 or lower if it’s helpful to the community.
Does this issue also affect rKP3R rewards being provided to curve pools? If so, why are we maintaining these whilst stopping rewards for vKP3R?
I think this is quite a significant issue as the protocol currently has a significant dependency on OLM revenue. rKP3R rewards are still in place for curve pools under the current system, so it’s not a case of revenues declining to zero but clearly, there would be an immediate benefit & increase in OLM revenues for protocol if restoration of rKP3R rewards for vKP3R was enabled immediately.
Note, revenues from OLM have historically been the highest revenues stream for the protocol with revenue & share of revenues as follows;
- Sept 21; 7.3% of total revenue (total rev = $124k, OLM = $9k)
- Oct 21; 39.3% of total rev ($319.9k, $125.8k)
- Nov 21; 80.3% ($1.69m, $1.35m)
- Dec 21, 74.7% ($1.56m, $1.17m)
- Jan 22; 69.9% ($1.69m, $1.18m)
- Feb 22; 65.5% ($1.14m, $745k)
- March 22; 77.6% ($820.5k, $636.6k)