Summary

This proposal seeks approval to authorize the staking rewards distributor contract to spend up to 25,000 RARI from the treasury, via an ERC-20 approve() call. These funds will be used to implement Phase 1 of the governance staking program on Rari Chain. The staking program itself was approved via RRC-34: Enable RARI Staking, and the reward amount for Phase 1 was determined in RRC-43: RARI Staking Incentives Program 1.

Details

• Staking Contract: Rewards are distributed proportionally to the amount of $RARI staked.
• Target APR for Phase 1: 25% annualized, based on an estimated 300,000 $RARI migrating and delegating to Rari Chain.
• Reward Formula: RARI incentives = 300,000 * 25% * (4 / 12) = 25,000 RARI

Next Steps

If approved, the treasury will execute an approve() transaction to allow the staking rewards distributor to pull up to 25,000 RARI for immediate deployment.