Prop 95: Disable Instant LP Unbonding for stkXPRT-XPRT Pool

Introduction

This proposal seeks to disable the Instant LP Unbonding feature specifically for the stkXPRT-XPRT liquidity pool (LP) within the Persistence multi-staking contract.

Rationale

The stkXPRT-XPRT pool plays a vital role in the Persistence One ecosystem by building liquidity for stkXPRT and XPRT and empowering XPRT stakers to liquid stake and LP their already staked XPRT using Superfluid LP. Its stability is highly crucial. Therefore, disabling Instant LP Unbonding mitigates the risk of large, unexpected withdrawals that could negatively impact the pool's liquidity and price stability.

Implementation

• Through a governance vote, we propose to modify the configuration of the stkXPRT-XPRT pool within the multi-staking contract.
• The Instant LP Unbonding feature will be explicitly disabled for this specific pool.
• All other functionalities and settings for the stkXPRT-XPRT pool will remain unchanged.
• Users will still be able to unbond their LP tokens; however, they will be subject to the standard bonding period defined by governance.

Conclusion

Disabling Instant Unbonding for the stkXPRT-XPRT pool safeguards its stability and promotes long-term staking, ultimately benefiting the Persistence ecosystem.

Voting

• YES: Vote to disable the Instant LP Unbonding feature for the stkXPRT-XPRT pool within the multi-staking contract.
• NO: Vote to retain the Instant LP Unbonding feature for the stkXPRT-XPRT pool.
• NO WITH VETO: If you believe this is a spam proposal and the proposer should lose their deposit, vote NO WITH VETO.
• ABSTAIN: Choose to abstain from voting but still contribute to quorum requirements.