Improvements to Missing Rewards Claims

[proven basin]

Needing to deal with staking issues is never ideal. But, improving the interactions for stakers is an improvement for the DAO.

There are some stakers that will struggle to decide if claiming their small amount of Missing Rewards is worth the eth to pay for the gas. This is doubled by the fact that they will likely need to process a second Missing Rewards claim later at the end of yield farming in July 2024.

Two things have been mentioned by others and, if feasible, make sense to me.

**Enable sILV2 claims for Missing Rewards. **
While it is not currently the time to put blockchain devs on this task it seems like a good feature to add for the July 2024 Missing Rewards claims.

Reasoning: Claiming sILV2 entails only one transaction instead of eventually needing to pay to withdraw Fully Vested rewards 12-months later.

A question regarding timeline.
What is the purpose of ending the opportunity to make the 1st Missing Rewards claim with the end of 2023? sILV to sILV2 claims are still live and available and it’s a far older contract. Even if the current contract for claiming Missing Rewards needs to be turned off at the end of 2023 is it viable to allow Missing Rewards from this current time period (March 2022-August 2023) to be claimed in a single transaction along with the Missing Rewards from the rest of yield farming when the final Missing Rewards claims are activated?
Unfortunately, it seems likely that doing this would create higher gas costs and not end up providing significant improvements for small or large stakers.

Note: There’s some speculation here and some questions that would need answered before much else can be determined. But if there are other ways that you can think to improve the Missing Rewards claim process please share them here.

Note note: One potential idea is NFTs for stakers as has been mentioned as a possible staking function for quite some time now. While a gift basket can be a simple sign of good will after making a mistake in some circumstances, a beautifully rendered “Atlas Apologizes” NFT might serve to create good will for the DAO in these circumstances.

[glass basin]

yes for silv2 claim after the game has launched
and extend the deadline for claiming missing rewards until sometime after yield farming is finished.
what is the reasoning to give 4 months deadline?
what are you gonna do to unclaimed missing rewards?

[last jungle]

The end of year deadline does seem a bit arbitrary. I mothballed one wallet to consolidate staking into a different more secure wallet, so now I have to decide if I resurrect that old one, keep it around for a year, and do multiple transactions to obtain missing rewards. Would be good to have a town hall to understand options for including this set of missing rewards into next year’s final reward mop-up without delaying game launch.

[coarse sorrel]

I'll leave it to the team to weigh in on the technical elements of why having this round of claims end in Dec is desirable and whether the current round of missing rewards can roll into the June/July round.

I do think sILV2 claims should be an option in the June/July Missing Rewards round of claims, especially if it's not going to cause any major delays in other areas.

[glass basin]

imo the june/july claim is just to tidy up the books. imo it will very small. it doesnt make sense to work on silv2 option just for that

[coarse sorrel]

It does if the current round of rewards get rolled into that round.

[glass basin]

yes

[coarse sorrel]

Again, the team will need to clarify the technical elements and what's possible.

[glass basin]

for transparancy, i no longer use my old wallet (hot), thats why i want to claim silv2, sell it for ILV and add it to my ledger

[final dune]

I’m indifferent however I just want to comment on the thought and analysis that went into the OP 💪

[final dune]

Yep and if we eventually need KYC just to own crypto, you’ll be glad you had your shit spread over multiple private wallets before the rule came in, true digital cash under the mattress.

[glass basin]

@proven basin maybe need to invite sub council ?

[proven basin]

<@&1107754780744487002>

Would <@&1107754638884745236> have some additional insights or we could ping some blockchain staff directly with specific questions about feasibility

[sly oxide]

We had a discussion about this in IMC yesterday and have a request out to the team for more details and the trade-offs here. My personal opinion is that this doesn't need an IIP as much as it needs some clarification and discussion on feasibility of what has been discussed here. (In the same way that there was no need to make an IIP to have the team fix the rewards gap in the first place.) I believe the dialogue here is very positive and this is exactly what the ideas channel should be for.

[glass basin]

imo a fix to bugs or contract issue should not need an iip.
this suggestion is an improvement to the fix. normally stakers get an option to claim in ILV or sILV2. the fix is incomplete.

[zenith bramble]

you've raised some important questions ser

1. enabling sILV2 claims whether for the current claim or the one that will come in july next year are both "nice to haves" and it is my personal opinion that both or just for the next claim should only be done post launch and only if these features are either easy enough to add or demanded enough (a matter of prioritisation imo)

2. I think this is a great question and I too would like to know why there would need to be a time limit on this claim as logically its no different than sILV2 claims which have no time limit, something that is owed to stakers is best to not be time gated and I look forward to seeing what the team has to say on this.

These are my personal opinions with limited info at hand, I will not comment further until the team gives us further info in regards to these topics as this info can change the discussions substantially

Thank you for raising this Pelican

[zenith bramble]

agree that this doesnt require an IIP but glad that the topic is being raised for proper discussion here in feedback

[north flower]

Too late to come with this now. I only found out we can’t claim as sILV2 the day it went live. I don’t think it’s fair now to change it after some people might already have claimed it.

Instead of being silent for months they should have informed us about it so we could let them know we preferred sILV2. We didn’t even know how much we were missing.

Because of the timing I’ll be voting no.

[glass basin]

Yea I have been asking about the amount for awhile. Looks like they slammed the door on us.

[river gazelle]

I agree with your sentiment - knowing how many people claimed ILV (me being one of them), not sure how fair it would be to provide an alernate option after the fact

However, if enough people are looking to have an alternate claim option, similar to all other stake claims (ILV or sILV2), I would support it depending in the dev time required to develop it

But would be important to advise sooner than later if it is possible and planned, otherwise additional months to the ILV stake will be incurred waiting to claim ....

[glass basin]

claimed my ILV. doesnt look like its happening