@djh I agree on the priority. Let’s figure out the implementation ideas on the GH issue. Would love to see others chiming in there as well!
@larry yeah, the incentive system for long-term commitments has strong benefits. I think ultimately this is a challenge of finding the right tradeoffs for all parties involved. I personally am looking at Stacking as a defi product. I think most staking products are very comparable and easily replaceable. I’m assuming that the majority of users will decide which solution to go with based on estimated yield. If the yield is outsized, locking up tokens for a long period is probably not going to be an issue. But if the yield is comparable to other solutions, the longer commitment is an additional burden that could impact their decision. I do understand it is beneficial for the ecosystem to have long-term stackers, but the limitation posed on users might reason them to go with a different ecosystem.
I personally am in favor of lowering the barrier to participation. If someone almost finished one cycle and decides to participate in more cycles, a “penalty” seems not beneficial for anyone. It does require a more competitive staked solution and likely warrants more thoughts on differentiation. One idea could be to periodically increase reward slots for folks that commit to more cycles. That could result in more flexibility for the user and an incentive to stack longer.