Summary

Update the current APW locking incentives.

Context

The remainder of the APW airdrop was distributed to users who locked their APW, which additionally incentivised locking. According to the schedule of APGP 10, the protocol is currently rewarding 5000 APW and will terminate these rewards in May 2024.

Proposal

We propose to set the additional APW distribution to lockers to 10800 APW per month for the next 12 months following the implementation of this proposal, and disregard the old schedule. By doing this, we would continue to incentivise the locking as well as mitigate the dilution of APW lockers.

Here is a forecast of the rewards to lockers depending on the locked circulating supply and the average lock period:

Means

Update the current rewards variables in the rewarder.

Voting Options

• Yes, Update the APW locking incentives
• No, do not update the APW locking incentives
• Abstain