Proposal Purpose:
Currently the membership token requirement is based on a flat 1% increase, this seems to be a bit too low against the current emission schedule.
Overview:
The increase in token requirements could be connected to the expected emissions in the next epoch, so the voting power per class is not diluted. In addition to connecting the emissions / supply factor an additional benefit of being in any of the higher classes will be that the requirements to enter will be higher over time. In January we are expecting the circulating supply excluding liquidity mining to be approximately 74.8M Grape. 10M Grape will be lent to the Market Maker and 4M additional Grape will be emitted. 4M/74.8M = 5.34%
** Grape Emission Requirements:**
Increasing the requirement will also require 640,000 additional Grape emitted vs previous Epoch to preserve the new membership token requirements.
Proposed new membership tiers for the next Epoch
Current Membership
Class C - Gibbon 1020 $GRAPE
Class B - Great Ape 5100 $GRAPE
Class A - Gorilla 20400 $GRAPE
Model 1
Class C - Gibbon 1050 $Grape ~2.65%
Class B - Great Ape 5300 $Grape ~3.71%
Class A - Gorilla 21500 $Grape ~5.3% increase
Logic of proposing smaller increase in membership in Class C. Class C members are the least sticky members. Knowing that the next class will require more tokens, will also incentivize earlier entry in Class B or Class B. The 2.65% number is 50% of the emission inflation, 3.71% is 70% of 5.31% and 5.31is 100%
Model 2
Class C - Gibbon 1075 Grape 5.3%
Class B - Great Ape 5370 Grape ~5.3% increase
Class A - Gorilla 21500 Grape ~5.3% increase
Logic of proposing an equal amount would support fairness in emissions, but lower incentive in being a class B or A member.
Happy to start a discussing this proposal