APR Boost in Period 0

Staking rewards for Period 0 of the Parametric Staking experience were higher than expected, almost 10% for the month.

That’s about 120% APR, which is conceivable with Parametric Staking, but the upside price performance of the DSLA token in November didn’t justify such reward level.

What Happened?

In short, reward levels were misconfigured in the Parametric Staking SLA that was deployed.

This had the unintended result of increasing the Parametric Staking APR. With the token price performance over the past month, Parametric Staking APR should have been 12% APR, or 1% for the month.

However, due to the reward level misconfiguration, rewards were calculated at a rate of 120% APR, which resulted in a 10% reward for Period 0.

Arbitrum Update

SLA verification on Arbitrum was delayed. The DSLA core team worked with the Chainlink team on migrating to a new Chainlink infrastructure in order to resolve the issue.

We’re happy to report that with this migration complete, SLA verification has been completed and Arbitrum stakers can claim their rewards.

Please do not restake on Arbitrum, we will be migrating to a new staking pool.

What’s Next?

1/ Unstake from the current Ethereum and Arbitrum staking pools by December 19, 2022.

2/ Do not re-stake. If you restake to the current pool, your funds will be locked through the next period, but won’t earn any rewards.

3/ New Parametric Staking Pools will be deployed for Ethereum and Arbitrum on December 29, 2022 at https://dsla.network/stake

As previously communicated, the APR on this pool will be variable, from 12% to 300%, depending on the upside price performance of the DSLA token.

Polygon

This migration plan to a new Parametric Staking Pool only applies to the Ethereum and Arbitrum versions of DSLA Protocol.

Verification is still pending on Polygon network, with the current period ending on December 31st. Verification will be completed after that and migration dates for a new Polygon staking pool will be shared early January.

Please do not restake on Polygon.

Impact

• All Period 0 stakeholders enjoy a 10% reward instead of the expected 1%;
• New stakeholders will have an opportunity to join the new staking pool;
• We skip a beat in December, for the better.

While roadbumps are not unexpected when you’re launching new and innovative products, they’re seldom ideal. We’re glad that, in this case, the result was a nice bonus for our community, who are pioneering Parametric Staking with us.

💡 DSLA

GRC Automation Middleware

DSLA’s approach to integrated risk management enables the downside-protected delivery of goods, services and digital assets without intermediaries.

👉 Get started at dsla.network

👉 Read more at stacktical.com

👉 Check our blog at blog.stacktical.com

👉 Start Building at readme.stacktical.com

👉 Join our Guild at guild.xyz/dsla

👉 Check active bounties at dework.xyz/dsla

👉 Discuss on our governance forum at commonwealth.im/dsla