At the moment staking OGN gives people;
- Voting power
- ~6.5% APY
Expanding on this would encourage more people to buy & lock their OGN.
A few ideas to consider;
**Fees being reduced when staking OGN **
Based on the amount of OGN & time being locked a formula could be created to give a discount on fees. This would encourage people that hold any Origin product (oUSD, OETH, OS, etc.) to buy and lock OGN to profit more when holding aforementioned products.
Origin Point/XP system
Origin could consider a point system when people stake their OGN. Longer lock ups would give a higher boost to your points. E.g. 1 month no multiplier, 2 months 1.2x, 3 months 1.3x, etc.
The points can be collected after the staking period ends.
After the points are claimed people could exchange it for various things;
- Any of the Origin products (E.g. 1000 Origin points can be exchanged for X amount of OS, X amount of oETH, etc.)
- More voting power
- A boost to their OGN staking APY
Thanks for reading and I’m eager to hear other people their ideas/thoughts on extra incentives when staking OGN.