1. Background
This proposal seeks to activate the distribution of staking rewards to the INIT and all Enshrined Liquidity (EL) pools, incentivizing deeper liquidity and greater participation across the network.
2. Parameter Changes
| Module | Parameter | Current Value | Proposed Value |
|---|---|---|---|
| reward | release_enabled | false | true |
Once this proposal passes and is executed, staking rewards will be enabled.
3. Rationale
Begin distributing rewards to liquidity providers who have staked their Enshrined Liquidity LP tokens to validators across the Initia network. This change will help incentivize security for the chain while bootstrapping liquidity for essential pairs, both of which are essential for a thriving on-chain economy.