Summary

This proposal recommends a reallocation of the Wirex Pay Chain reward structure by reducing Node Operator base rewards by 3x and increasing staking rewards by 100%. This shift reflects the network's evolving maturity and supports the long-term sustainability and value of the $WPAY token by aligning incentives with usage and holding rather than infrastructure support alone.

Abstract

Since its inception, the Wirex Pay Chain has relied on robust Node Operator incentives to bootstrap decentralisation and secure the network. However, with the introduction of multiple products and expanded ecosystem activity, the balance of reward distribution must evolve. This proposal:

• Reduces base block production rewards for Node Operators by 3x
• Increases staking rewards by 100%
• Maintains governance rights and performance-based incentives for Node Operators

The goal is to encourage holding and staking of WPAY, reduce sell pressure, and realign reward flows to better reflect the platform’s current phase of growth.

Proposal Track

Standard Track

• Discussion Period: 2 days
• Voting Period: 3 days
• Snapshot Voting: Enabled

Justification: As this proposal modifies the on-chain reward schedule, which directly affects both infrastructure and staking participants, a full governance cycle is required to ensure consensus and transparency.

Motivation

Context & Rationale

Node Operators played a foundational role in securing the network and enabling decentralisation. Since then, the ecosystem has significantly expanded:

• 🧩 Three new product lines launched:
  • Web3 dApp for retail users
  • Wirex Business platform
  • Stablecoin BaaS for institutional clients
• 🌐 Multi-chain expansion via Base network integration
• 📈 Introduction of Staking Rewards for passive participation
• 🚀 WPAY token price has tripled since launch, signaling strong demand and usage traction

As the infrastructure matures, a reward model that prioritises ecosystem participation and long-term alignment is more suitable.

Details

Proposed Changes

Clarifications:

• Only base block rewards for Node Operators will be adjusted.
• Governance rights and bonus incentives (if any) remain unchanged.
• Staking increases apply across all DAO-approved WPAY staking mechanisms.

Benefits

• ✅ Encourages long-term holding, reducing WPAY sell pressure
• ✅ Strengthens tokenomics by increasing passive participation rewards
• ✅ Promotes decentralised ownership through broader staking involvement
• ✅ Aligns with ecosystem evolution, shifting focus from infrastructure to usage (e.g., dApps, BaaS, Base integration)

Budget / Resource Impact

No additional treasury spend is required. This is a reallocation of existing emission flows between Node Operators and Stakers.

Implementation Timeline

On-chain Voting Structure

• Duration: 72 hours
• Quorum Required: >4% of total veWPAY supply
• Approval Threshold: 50% of participating tokens

Voting Options

• For: Implement the proposed reward adjustment (3x reduction for Node rewards, +100% staking rewards)
• Against: Reject the proposal
• Abstain: No opinion