Epoch 6 RAVE VIP Update

Proposed Update to VIP Scoring Mechanism:

Current Criteria
RAVE Trade’s quanto perpetual futures can support virtually any token as collateral to trade perpetual futures. Currently only one whitelisted asset earns VIP rewards; $INIT earns a base rate of 20 points.

Proposed Change
RAVE proposes adding Milkyway’s milkINIT and Drop’s deINIT LSTs as whitelisted VIP assets on RAVE. We propose a 10 point base rate for both tokens. $INIT’s base rate of 20 points will not change, and no other criteria changes will occur.

Rationale
As a perpetuals protocol capable of onboarding virtually any token, RAVE seeks to onboard and incentivize Initia ecosystem LSTs to expand DeFi utility for yield-bearing assets and strengthen alignment across the Interwoven economy. There will be no change to existing $INIT criteria in order to preserve existing user’s points earning rates.

Target Implementation
Stage 6

This update has been reviewed and approved by the vip committee.

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