Resupply Recovery Plan Phase 2: Activate IP Retention Program

Proposals
1

Resupply Recovery Plan Phase 2: Activate IP Retention Program

Summary

This proposoal executes the on-chain actions requied to fulfill Phase 2 of the Resupply Recovery Plan. Specifically, the IP Retention Program which will work as follows:

  • Stream 2.5M RSUP over 52 weeks to Insurance Pool (IP) depositors who were slashed in Phase 1 and remain staked.
  • The Retention Program will receive 6.25% of total RSUP emissions each epoch. Additional RSUP required to reach 2.5M after 52 weeks will be automatically transferred from the treasury.
  • Contracts have been deployed:
    • Retention Incentives: 0xB9415639618e70aBb71A0F4F8bbB2643Bf337892
    • Retention Emissions Receiver: 0x6E7D5dade33f76F480EA38E3c47f870de74906F1
  • Snapshot of affected users was taken at block 22,830,880 and data is already loaded in contracts.
  • Insurance Pool depositors may withdraw at any time, but doing so permanently forfeits future retention incentives.
  • Any forfeited incentives will be shared across all remaining participants.

Rationale

In the Resupply Recovery Plan, Phase 1 focused on eliminating bad debt and has been completed. Phase 2 now delivers the on-chain retention program aimed at aligning long-term incentives with protocol health.

Specification

  • Program cap: 2,500,000 RSUP
  • Duration: 52 epochs (≈ 1 year)
  • Weekly target: 48,076 RSUP
  • Start epoch: first epoch after execution

On-Chain Actions

# Call Purpose
1 retentionIncentives.setRewardHandler(retentionReceiver) Authorize the receiver to pull rewards.
2 emissionsController.registerReceiver(retentionReceiver) Register the receiver with the emissions controller.
3 emissionsController.setReceiverWeights([debt, ip, liq, retention], [1875, 2500, 5000, 625]) Allocate 6.25% of RSUP emissions to the retention program.
4 treasury.setTokenApproval(govToken, retentionReceiver, type(uint256).max) Allow the receiver to pull RSUP top-ups from the treasury.
2

Why hasn’t the Retention Program been executed yet?
By the way, could you please update your discord invitation link,
it has been expired for a long time, thanks

3

Just saw that the Retention Program has been launched, thanks. Please update the DC invitation link, thank you very much