Merge pull request #3 from storyprotocol/ramtin/fixing-staking-period

proposals/00003-fixing-staking-period.md

@@ -0,0 +1,52 @@
+---
+number: '00003'
+title: Fixing the 90 days staking period config
+authors: Ze Huang ([email protected])
+sponsors: Ramtin Seraj ([email protected])
+created: 2025-01-04
+type: Standard
+status: Draft
+supersedes: 
+superseded-by: 
+extends: 
+---
+
+## Summary
+
+Story supports native staking periods. Users stake their IP tokens 
+for longer staking periods will get higher reward multipliers.
+
+Based on the staking spec, the initial staking periods and the 
+corresponding reward multipliers should be:
+
+- 90 days - 1.051
+- 360 days - 1.16
+- 540 days - 1.34
+
+However, due to a misconfiguration on the genesis file, the current 
+90-day period is configured as 30 days. This may result in stakers 
+always preferring staking 30 days period since it yields the best 
+rewards overall and makes 360 days and 540 days staking periods 
+unattractive.
+
+[Community discussion:](https://forum.story.foundation/t/increase-the-30-days-staking-period-to-90-days/43/1)
+
+## Motivation
+
+Fixing this issue unlocks staking for 90 days option for users.
+
+## Proposal
+
+Change of config from 30 days (wrong value) to 90 days.
+
+### Drawbacks
+
+No drawback knowns
+
+### Alternatives Considered
+
+N/A
+
+### User Impact
+
+N/!