Updated split calendar based on @maclane’s feedback. I think the eventual equilibrium (now reached in Feb 2023) should remain as is – i.e. 25% of rewards reserved for PRE.
The Council could also execute the each scheduled re-allocation at the end of the month – i.e. the first rewards for tBTCv2 would commence towards the end of September.
| Month | % Rewards to PRE | % Rewards to tBTCv2 | PRE Target APY | tBTCv2 Target APY |
|---|---|---|---|---|
| Aug ‘22 | 100% | 0% | 15% | 0% |
| Sept ‘22 | 87.5% | 12.5% | 13.125% | 1.875% |
| Oct ‘22 | 75% | 25% | 11.25% | 3.75% |
| Nov ‘22 | 62.5% | 37.5% | 9.375% | 5.625% |
| Dec ‘22 | 50% | 50% | 7.5% | 7.5% |
| Jan ‘23 | 37.5% | 62.5% | 5.625% | 9.375% |
| Feb ‘23 onwards | 25% | 75% | 3.75% | 11.25% |