[Proposal] Extend stYFI reward expiry periods
Authors: DAO-Ops (0xPickles, 0xkorin)
Summary
This proposal asks the DAO whether to extend the expiry period for unclaimed rewards across five stYFI reward distributors.
For staking, delegated staking, liquid-locker and voting-boost rewards, the proposed period is approximately two years. For migrated veYFI rewards, the proposed period is 434 days, the maximum supported by the existing contract.
Regardless of the outcome, reclaimed rewards are intended to be recycled into additional rewards for stYFI holders. They are not intended to become Treasury funding.
DAO-Ops is not recommending a vote for or against this proposal. Voters should decide which expiry periods they consider appropriate.
Abstract
If adopted, the attached execution script would:
- Complete pending management transfers to the governance Executor for the five reward distributors listed below.
- Set reward expiry to 52 epochs for four distributors and 31 epochs for the migrated veYFI distributor.
Each epoch lasts 14 days. The current 26-epoch period corresponds to 364 days; 52 epochs corresponds to 728 days, and 31 epochs to 434 days.
The proposal would also serve as a pilot for submitting an executable parameter change through the new DAO app.
Background
Reward expiry exists so that rewards do not remain unclaimed in contracts indefinitely.
The rationale for the current one-year period is that leaving rewards unclaimed for that long is a reasonable indication of inactivity. After expiry, those rewards can be reclaimed and recycled into additional rewards for stYFI holders, returning them to active DAO participants.
An individual holder can therefore lose their claim to expired rewards once those rewards are reclaimed. The funds are intended for redistribution to stYFI holders rather than Treasury funding.
A contributor investigation into reward claiming[#1], using a snapshot from 11 September 2026, reported that 84.1% of rewards streamed to holders had already been claimed. Approximately 75% of the unclaimed balance belonged to 114 addresses that had never claimed. At that snapshot, no rewards had yet reached the reclamation threshold.
These findings provide context for the discussion, but do not establish which expiry period is best.
Motivation
Internal discussions have raised the question of whether participants should have more time to claim their rewards.
Keeping the current period allows unclaimed rewards to return to stYFI holders sooner. Extending it gives the original recipients more time to collect their rewards, but delays redistribution.
We have not identified a major problem with the current period, and we do not have a strong basis for saying that one year or two years is clearly better. We think this is a reasonable policy choice for the DAO to make.
The migrated veYFI distributor cannot support 52 epochs through its existing configuration. This proposal therefore extends its period to the supported maximum of 31 epochs.
The proposal also provides a pilot for the new governance system. We intend to submit it through the pre-production DAO website with an executable script, testing the process for attaching scripts and making parameter changes.
Voters should assess the proposal on its merits. The testing purpose does not imply that it should pass.
Specification
Reward expiry
Update the expiry periods as follows:
| Reward distributor | Current period | Proposed period |
|---|---|---|
| Staking rewards | 26 epochs / 364 days | 52 epochs / 728 days |
| Delegated staking rewards (stYFIx) | 26 epochs / 364 days | 52 epochs / 728 days |
| Migrated veYFI rewards | 26 epochs / 364 days | 31 epochs / 434 days |
| Liquid-locker rewards | 26 epochs / 364 days | 52 epochs / 728 days |
| Voting-boost rewards | 26 epochs / 364 days | 52 epochs / 728 days |
Execution
The script attached to the on-chain proposal completes the pending management transfer and applies the proposed expiry period for each of these contracts:
| Contract | Address |
|---|---|
StakingRewardDistributor |
0x95547ede56cf74b73dd78a37f547127dffda6113 |
DelegatedStakingRewardDistributor |
0x952b31960c97e76362ac340d07d183ada15e3d6e |
VotingEscrowRewardDistributor |
0x2548bf65916fdabb5a5673fc4225011ff29ee884 |
LiquidLockerRewardDistributor |
0x7efc3953bed2fc20b9f825ebffab1cc8b072a000 |
VoteBoostRewardDistributor |
0xa139250bcb3880a97c75fd4287d5bf2a6caf98a3 |
Management transfers to the governance Executor at 0xac7d4a37ba61c2cac7f64d3e2b5773d85613fe7b, which must be the pending manager of each contract before execution.
Reclamation and recycling
Expiry makes unclaimed rewards eligible for reclamation. Reclamation and redistribution require subsequent actions.
Under either voting outcome, reclaimed rewards are intended to be added to subsequent stYFI reward distributions. The decision concerns how long holders have to claim before their rewards become eligible for recycling.
Vote
Should the DAO approve the management transfers and reward-expiry periods described above?
- For: Execute the attached script, completing the management transfers and extending expiry to 52 epochs for staking, delegated staking, liquid-locker and voting-boost rewards, and 31 epochs for migrated veYFI rewards.
- Against: Do not execute the attached script; retain the current configuration.
DAO-Ops supports putting this question to a vote and takes no position on the outcome.