Governance VIP-05
Active VIP-05 · Wave-2 Onchain · Base Network

Quarterly veVIRTUAL Staking Rewards Reallocation — Q2 2026

Distributing 1,000,000 VIRTUAL from the Sniper Defense & Yield Fund (VIP-02) to veVIRTUAL holders via a tiered lock-duration model.

Ends Mar 29, 2026
Proposed by Virgen Labs
25% quorum required
Quorum Achieved

Cast Your Vote

Connect your wallet to vote. Power is based on your veVIRTUAL balance at snapshot block #32,847,100.

For 68.3%

9,745,200 veVIRTUAL

Against 24.1%

3,437,800 veVIRTUAL

Abstain 7.6%

1,085,000 veVIRTUAL

Quorum Progress Achieved · 28.5%
0% 25% threshold
Total Votes Cast 14,268,000 veVIRTUAL

Choose your vote after connecting

Voting token

VIRTUAL veVIRTUAL · Base Network

Contract: 0x0b3e…7E1b

Governance Rules

  • 0.10% of total veVIRTUAL supply to submit a proposal
  • 25% quorum of total veVIRTUAL supply to validate
  • Simple majority (50% + 1) determines outcome
  • 72-hour comment window + 72-hour voting period
  • Voting power cannot be delegated
Read Governance Docs
VIRTUAL

$VIRTUAL

Base Network · ERC-20

Staking Tiers

21K / 42K / 100K

Max Lock

2 years

Stake VIRTUAL to earn veVIRTUAL

Voting closes in

March 29, 2026 at 18:00 UTC

03
days
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08
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42
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15
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Mar 23 — Comment window Mar 26 – 29 — Voting

Proposed Rewards Allocation

Total: 1,000,000 VIRTUAL from the Sniper Defense & Yield Fund (VIP-02)

Tier 1 — Long-Term Stakers

Lock duration ≥ 12 months

600,000 VIRTUAL

60%

Tier 2 — Medium-Term Stakers

Lock duration 6–12 months

300,000 VIRTUAL

30%

Tier 3 — Short-Term Stakers

Lock duration < 6 months

100,000 VIRTUAL

10%

Distribution Method: Rewards are claimable proportionally within each tier based on each holder's veVIRTUAL balance at snapshot block #32,847,100 on Base. Auto Max-Lock participants (2-year lock) are automatically included in Tier 1. Unclaimed rewards return to the Yield Fund after 90 days.

1,000,000

VIRTUAL to distribute

3 Tiers

by lock duration

48 hrs

execution after pass

Rationale

The Sniper Defense & Yield Fund (VIP-02) established a 1% VIRTUAL supply allocation (~10,000,000 VIRTUAL) earmarked for anti-sniper operations and staker yield. Following the successful deployment of sniper defense mechanisms in Q1 2026, the protocol treasury has designated 1,000,000 VIRTUAL from this fund for quarterly distribution to veVIRTUAL holders.

The proposed 60 / 30 / 10 tiered split was developed in response to community feedback gathered during the Wave-2 comment window. Long-term stakers (≥ 12 months) bear greater opportunity cost and liquidity risk, which this structure compensates accordingly. The tiered approach strengthens the protocol's commitment to long-term token alignment — a core pillar of the veVIRTUAL design.

Distribution is fully on-chain and permissionless. If this proposal passes quorum and achieves a simple majority, the smart contract execution will make rewards claimable within 48 hours of the on-chain vote finalising on Base.

Wave-1 Passed Proposals

Reference: prior governance decisions

Passed

VIP-01 · Performance-Based Grant to Virgen Labs

Up to 6% of supply · Core contributor alignment to $VIRTUAL performance

Passed

VIP-02 · Sniper Defense & Yield Fund

1% of supply · Anti-sniper operations & staker yield distribution

Passed

VIP-03 · Establishing the Virtuals Foundation

Ecosystem growth through incubation, partnerships & grants

For 68.3% 14.27M votes