I can’t see people locking their tokens during a bull market - especially tokens that haven’t yet risen above their sale price. People will be looking to recover their loses.
Anyway, regarding Volt staking “risk vs rewards”. I think that should come from shorter lock periods, not more tokens.
I understand that Volt have been trying to reduce the amount of rewards given out due to negative price impact they have. Giving more to staking is just this again. I think it’ll lead to more selling. I’m still in favour of reducing total supply significantly as was originally proposed by the team.
Taking your point that rewards are based on total veVolt, not time staked, then it’s likely the community will naturally tend to shorter locks on average, as the system can be gamed - everyone just locks for a shorter period and gets the same ‘max’ benefits
As the avg is currently less than 6 months - (although I don’t know if this metric is based on veVolt or users - i.e. is it the avg lock of all staked Volt, or the avg lock of all individual wallets?) - then there’ll be no harm in reducing the max lock to 6 months. There’ll be no change in the amount of rewards given out, and the scale down to 1 month staking will be more attractive. Staking should probably run on a weekly timeframe the same as the epochs. 1 month is too long.
Importantly and further to my first point - the UI really needs to change as it totally misleading for users. It doesn’t show the key details, expected earnings and the APY is complete nonsense.
I’ve checked the Vyper contracts and I’m getting 2.4% APY on my staked Volt.
Key metrics required are: total veVolt, user veVolt, user % of veVolt pool, rewards pool that epoch, expected PERSONAL rewards that epoch, current PERSONAL APY on staked Volt.
This has to be a priority.
These changes will encourage users to dip into and out of staking and have it as part of a dynamic ecosystem. I can’t see that happening with the current system.