Abstract
This proposal aims to redirect 50% of vlEGP streaming rewards towards EGP token buybacks. The primary purpose of these buybacks is to support the EGP token price while enabling strategic initiatives such as ecosystem growth, incentivizing protocol usage through bribes, and enhancing Total Value Locked. By redirecting these resources within the Treasury, Eigenpie aims to strengthen its ecosystem and ensure long-term sustainability.
Motivation
Eigenpie’s success as a governance-focused protocol depends on aligning token utility, rewards, and community incentives. Redirecting a portion of vlEGP streaming rewards to the Treasury for EGP buybacks will:
- Support the EGP token price, directly benefiting holders by enhancing the value of their positions and reducing inflation.
- Strengthen Eigenpie’s reserves, supporting initiatives such as bribes for EGP/ETH and Eigenpie LRT liquidity pools on PancakeSwap, and incentives for restakers to maintain their positions.
- Fuel ecosystem growth and user engagement through targeted growth campaigns and liquidity incentives.
Specification
Reallocate 50% of vlEGP streaming rewards—including EIGEN, SWELL, ZRC, and future rewards—to fund EGP token buybacks to support EGP token price. Purchased tokens will be stored in the Eigenpie Treasury and remain liquid for deployment in strategic initiatives. Buybacks will occur regularly at random intervals to ensure flexibility and responsiveness to protocol needs.