Hi all! Thanks @Lcedeno24 for the proposal.
Given that Season 1 hasn’t formally ended there is still some weeks and rewards left to understand how was the overall performance and what insights can be derived, although as @dnkta.eth mentions there currently is ~2.29M veCTX derived of ~900k CTX staked. This is certainly auspicious for the system considering the current governance parameters.
Naturally this is tied to rewards, and before jumping into exact amounts we should take into account some considerations:
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Increasing the pool naturally incentivizes for more staked CTX, longer lockup time and naturally more rewards needed. Although that may sounds obvious, that trade-off should be leveraged against the program targets and not as isolated metrics.
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Rewards have been impacted both due to CTX price-action during the season and the delay in the system rollout, having to merge two claims into one which presents a different scenario than having three monthly ones as expected. Accounting for both of this factors should contribute to more meaningful rewards.
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Back in February when discussing the proposal APR was ~13%, which was underlyingly voted on as a reasonable return for the program back then. Something around those lines is still logical given the current market conditions.
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Agree on having August as the cutoff date given the recently voted budget as well as tying Season 2 to participation if there are proposals to vote on, otherwise the stake/lock weight can determine rewards as already mentioned.
Again, some early thoughts in order to keep the conversation going!