# \[MIP #81\] - Voting on Eigenpie Monthly Adjustment of vlEGP Reward Distribution
**URL:** https://gov.magpiexyz.io/t/mip-81-voting-on-eigenpie-monthly-adjustment-of-vlegp-reward-distribution/719
**Category:** 4. Magpie Improvement Proposals
**Created:** [July 26, 2025, 1:33pm UTC](https://gov.magpiexyz.io/t/mip-81-voting-on-eigenpie-monthly-adjustment-of-vlegp-reward-distribution/719 "2025-07-26T13:33:48Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@Juapia-Magpie](https://gov.magpiexyz.io/u/Juapia-Magpie)
#### Post date: [July 26, 2025, 1:33pm UTC](https://gov.magpiexyz.io/t/mip-81-voting-on-eigenpie-monthly-adjustment-of-vlegp-reward-distribution/719/1 "2025-07-26T13:33:48Z")
## Abstract
This proposal seeks decision from vlMGP holders on whether Magpie should support Eigenpie’s EIP #2, which introduces a monthly adjustment mechanism to maintain a consistent 50% APR for vlEGP holders. Any rewards exceeding this APR cap will be redirected into a dedicated EGP buyback fund, aimed at reducing circulating supply and reinforcing long-term token value.
## Motivation
EIP #2 responds to community feedback advocating for more sustainable emissions and stronger alignment with long-term value capture for EGP. By introducing a monthly APR cap and automating the redirection of excess rewards, the proposal aims to:
- Provide predictable and consistent incentives, targeting a 50% APR for vlEGP holders
- Reduce circulating EGP supply via buybacks
- Support long-term EGP value by reducing sell pressure
- Improve reward efficiency and alignment across the ecosystem
Surplus rewards—distributed in EIGEN, ZRC, or USDT—will be evaluated monthly. Any amount that exceeds the 50% APR ceiling will be diverted into a buyback fund. EGP purchased through this mechanism will be transferred to the Eigenpie Treasury and made available for future governance-directed initiatives.
More details: [EIP #2](https://gov.magpiexyz.io/t/eip-2-monthly-adjustment-of-vlegp-reward-distribution-to-maintain-50-apr-and-fund-automated-egp-buybacks/718)
## Specification
Vote on whether Magpie should support Eigenpie’s EIP #2, which proposes a capped 50% APR for vlEGP rewards and redirection of surplus incentives to an automated EGP buyback program.
Options:
- **For** – Endorse EIP #2 and support Eigenpie’s implementation of monthly APR adjustments and EGP buybacks.
- **Against** – Do not support the proposed reward distribution cap and buyback mechanism.
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### Author:  [@Desmen](https://gov.magpiexyz.io/u/Desmen)
#### Post date: [November 14, 2025, 4:38pm UTC](https://gov.magpiexyz.io/t/mip-81-voting-on-eigenpie-monthly-adjustment-of-vlegp-reward-distribution/719/2 "2025-11-14T16:38:35Z")