New $WCT

📲 A new governance proposal is live 🗳️

It introduces a redesigned 📲 WCT staking model with:

• 🔁 Perpetual staking
• 🧑‍💻 User-triggered unlocks
• 🗓️ Discrete duration options

🎯 The goal: simpler, more predictable staking.

🧵 The TLDR of this proposal:

🔁 Perpetual Staking Positions
Once you stake WCT, it maintains full stakeweight until the user chooses to unstake. No time decay, no need to refresh.
This offers a “set-and-forget” staking experience. 🛋️

🔓 User-Triggered Unlocking Period
Users can initiate an unlocking period whenever they decide to exit their position.
Upon triggering, the stakeweight will decay linearly over the selected unlocking duration, at the end of which the position becomes fully withdrawable. 📉⏳

📆 Discrete Duration Options
Instead of choosing any random duration, you’ll pick from clear, fixed options:
4, 8, 12, 26, 52, 78, or 104 weeks.
This enables users to better understand the impact of their staking choices and compare rewards across options. 📊

🧩 Preserving Optionality
We know that some users may prefer the original behaviour (i.e. decay starting from position creation).
To respect this:
✅ You’ll still be able to trigger your unlock right away, just like before.
🙌 Nothing is being taken away — just more choice added.

What happens to existing stakers?
If you’re already staking, there’s nothing you need to do.
Your position will continue unlocking just like it was before.

🔄 You won’t be switched to the new model automatically.
But if you want to opt into the new system and make your stake perpetual, you’ll be able to re-stake after the contract is updated.

⸻

📚 Read and contribute ⤵️
🗳️ Voting begins July 29th – August 5th
👉 https://governance.walletconnect.network/t/p3-wct-staking-redesign/3667