A proposal to create a staking system for G$ holders with fixed durations (1-12 months), optional early withdrawal, and partial access features. Aimed to promote disciplined savings and reduce spending without planning.
Users currently lack tools to voluntarily lock and protect their G$ from being spent. This feature adds a layer of financial control and planning while maintaining optional flexibility.
- Stake G$ for a user-chosen duration (1 to 12 months)
- Funds locked during the chosen period
- Optional early withdrawal: User can pre-set a % (e.g., 30%) of the staked amount as accessible before the lock ends
- Smart contract or backend logic will enforce these rules
Benefits:
- Promotes long-term thinking and saving
- Adds utility to G$
- Aligns with GoodDollar’s mission of empowering economic freedom
Risks;
- Requires careful smart contract design to avoid bugs or exploits
- Might need an interface update or additional backend support
Next Steps;
- Community feedback
- Technical assessment by the core dev team
- Proposal for implementation funding (if needed)