SGP-12 – Sonic Gems ($S) - Spectra Distribution Plan
Summary
Spectra received 34,366 S worth roughly ~$10,000 USD. The same amount will vest linearly over 90 days (claimable via LlamaPay).
We propose 1) to distribute the upfront batch to all Spectra users on Sonic who used the platform during Sonic Season 1 using a simple TVL × time weighting formula.
Furthermore, we propose 2) to distribute the second batch to incentivize liquidity on Spectra pools on Sonic using the Spectra vote market for the 5 most revenue generating gauges on Sonic. Each of those 5 select gauges will receive 859.15 S tokens per week as vote incentives, over the course of 8 weeks after the airdrop is fully claimable.
Proof: https://sonicscan.org/address/0x589269998df4D7D16351AA2Ff996486aEc1DB6C2
This plan returns 100% of the rewards back to Sonic-Users.
Discussion
Open call for alternatives: We welcome community proposals for other distribution approaches or parameter tweaks. Please note that any option chosen entails engineering and/or operations work (data processing, contracts, and weekly execution), so scope and timelines matter.
Community Poll:
Will be added once sufficient discussions are had