#IIP-XX: Adjusting Vesting and Season Lengths for Loyalty Airdrop and Gameplay Drops

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low kestrel
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Simple Summary:
This IIP proposes reducing the vesting periods and altering the release structure for the Illuvium Loyalty Airdrop and Gameplay Drops. The adjustments aim to offer a more immediate incentive for participants while ensuring unclaimed rewards are available for future campaigns.

Abstract:
The proposal introduces two fundamental changes:

Loyalty Airdrop:

  • Reduce the vesting period from six months to three months.
  • Participants can unlock 50% of their rewards immediately but forfeit the remaining 50% if they claim early. Total rewards vest over the next three months.
  • Any unclaimed rewards are returned to the treasury for future campaigns.

Gameplay Drops:
Implement shorter, one-month seasons instead of six-month seasons.

  • Reduce the vesting period to three months.
  • Participants can unlock 50% of their rewards immediately but forfeit the remaining 50% if they claim early. Total rewards vest over the next three months.
  • Any unclaimed rewards are returned to the treasury for future campaigns.

Overview:
The Loyalty Airdrop’s vesting period will now be three months instead of six. Participants will be able to access 50% of their rewards immediately, with the remaining 50% vesting over three months. However, if participants claim their rewards early, they will lose the unvested portion, which will be returned to the treasury to support future campaigns.

Gameplay Drops will feature one-month seasons, offering a shorter, more dynamic structure than the previous six-month season approach. The vesting period will be reduced to three months, with participants able to unlock 50% of their rewards immediately. The remaining 50% will vest over the three months. As with the Loyalty Airdrop, claiming early will result in forfeiting unvested rewards, which will be returned to the treasury.

Rationale:
The Loyalty Airdrop’s shorter vesting period allows participants to either unlock 50% of their rewards immediately or remain vested for the full three-month period to receive the entire amount. Claiming early will result in forfeiting the remaining rewards to ensure ecosystem stability and support future campaigns. Similarly, the one-month seasons for Gameplay Drops encourage regular engagement while following the same vesting structure. Any unclaimed rewards are returned to the treasury for future use.

Proposal:
https://docs.google.com/document/d/1e4_vi8eu0rU-7YgJ4BofDLY6s4zi4ZOsbGKMReBjXk0/edit

Google Docs
IIP-XX: Adjusting Vesting and Season Lengths for Loyalty Airdrop an...
wicked karma
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is it a cliff vesting schedule or a linear vesting schedule?

woeful vault
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What is actually meant with seasons?
"implement shorter, one-month seasons instead of six-month seasons"

is the whole season 1 month or is it still 6 months, but split in little 1 month seasons for pay out?

wicked karma
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the season is 1 month long

ripe coral
wicked karma
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like parallel

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  • agreed with one-month season. posted the same.
  • id prefer the forfeited 50% are distributed to the people who are still vesting. So the total amount of token airdropped remains 250K.
  • 3 months linear vesting schedule. ill post the unlock schedule later to see how many tokens are unlocking each month
  • is the vesting extension still offered?
low kestrel
# wicked karma - agreed with one-month season. posted the same. - id prefer the forfeited 50% a...

Unnecessary to give the excess to people already receiving the airdrop. They are incentivized by vesting longer. This means we can do another campaign with the tokens left over and it reduces the amount the DAO needs to put in.
As reads, no bonus for locking up longer. It's not needed with one-month seasons.

The total offered remains 250k it people choose to forego rewards so be it, better for the DAO

wicked karma
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yea i dont think many are going to extend 6 months for 15%

wicked karma
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@low kestrel people can claim the 20K airdrop for PB4 and OB (testnet) in one-month?

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the first season should be around 2 months isnt it?

main trail
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Overall solid proposal. I think 3 month vest is more palletable generally speaking and this all looks less extreme. I'd still make it <30% unlocked straight away and >70% forfeited. But that's just me

low kestrel
low kestrel
wicked karma
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this can work

562C5E10-2A9B-4A9E-920A-7A5D13695B59.jpg
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peak hype is usually 3-4 months of launch, aligns with the 3 months linear vesting schedule

low kestrel
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Keep it simple

wicked karma
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huge leap from 6 months of cliff

ripe coral
# main trail Overall solid proposal. I think 3 month vest is more palletable generally speaki...

On the 30/70 split. If it's not enticing enough to want to claim early it defeats the purpose of providing an option that will ultimately spread out the unlocks. A vast majority will just stick with the end of the Airdrop period. Having it at 50 gives better agency for players to decide if they want it now or later while benefitting the dao in two ways. Spread out unlocks and chance to keep 50% to be utilized in the future.

main trail
main trail
civic grotto
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Great! Give more chances to people to fade ILV and keep the treasury healthy.

The more paper hands the stronger the DAO as oposed to other airdrops that just give away stuff and get their community dumped upon.

wicked karma
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lets get this to vote with haste

rare narwhal
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This vesting period its not the same as our staking?
I mean after 3 months if I want to stake it to receive RevDis I need to claim and stake it?

ripe coral