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id Title Status Author Description Discussions to Created
TIP-210 Extend Cooldown Period for Thales Staking Draft stake_stake Extend Cooldown Period for Thales Staking https://discord.gg/thales 2024-05-20

Simple Summary

Extend the cooldown period for Thales staking from 7 to 20+ days.

Abstract

This TIP advocates for extending the cooldown period required for unstaking Thales. Currently set at 7 days, we propose increasing this period to 20 days. An extension of the period to 30, 60, or 90 days should also be considered.

Motivation

The current 7-day cooldown period for unstaking Thales tokens is comparatively short. The suggested increase to a 20-day cooldown draws inspiration from Aave’s staking model (source: AAVE FAQ). Additionally, we should consider extending this period further to 30, 60, or even 90 days to strengthen long-term commitment and protocol stability.

Specification

Determine a new cooldown period of at least 20 days for unstaking Thales.

Upon agreement, this extended cooldown duration will be implemented to replace the current 7-day period.

Implementation

To be discussed with engineers upon approval

Copyright

Copyright and related rights waived via CC0.