Celeste on Polygon Passive Subscriptions Rewards
Celeste on Polygon Passive Subscriptions Rewards proposal in Gardens UI
Proposal Information
Proposal description:
Pre-emptive funding for Celeste subscriptions on Polygon to create rewards for Celeste stakers. The Celeste subscriptions contract maintains an APY of 25%. If the Polygon Celeste accrues the same amount of Honey as the xDai Celeste (~640 HNY) that’s ~160 HNY per year which is ~14 HNY per month. However, at least to begin with less than 640 HNY is likely to be staked to the Polygon Celeste and so these rewards should last longer.
Celeste is yet to be operational on Polygon but will become so soon.
Funding Information (For Funding Proposals)
Amount of HNY requested:
50 Honey
Ethereum address where funds shall be transferred:
The easiest way to do this is by just depositing this into my personal account, with which I will bridge the Honey to Polygon and deposit it in Celeste. 0x5141970563C7d70a129A05f575e9e34DF4bD81d8
For verification this account is the account I use in various multisigs, including the Gnosis Multisig that governs Celeste on Polygon and the Bug Bounty swarm.