PIP-29: Rewards minting and Vesting Implemention

Panther Improvement Proposals (PIPs)
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Below the draft for PIP-29:

Proposal Overview

Rewards Minting & Vesting Implementation - PIP-29

This proposal invites the Panther DAO community to discuss and determine the amount of ZKP to be minted for the V1 privacy rewards pool, and the associated vesting schedule. The funds will support protocol incentives and PRP redemption, with a compliance-driven structure. The mint will also include the previously approved 1,000,000 $ZKP for the Subsidy Pool and 100,000 $ZKP for initial Rewards pool AMM liquidity. Additionally, this proposal appoints Anish as a member of the Emergency Stop Committee, as established in PIP-25.

Motivation

  • With the upcoming V1 DAO zone launch, it is necessary to fund the rewards pool so that users who contribute assets to Panther’s privacy set can earn PRP and redeem PRP for ZKP. These rewards are designed for active protocol participation and are directly tied to privacy set growth.

  • It is suggested to use a minting and vesting framework similar to the previous Canary network launch; for example, 8 million $ZKP distributed over 4 months, with a community review after 3 months to assess ongoing rewards, mint amounts, and vesting parameters.

  • In accordance with the vote on PIP-26, the proposal incorporates 1,000,000 $ZKP for the Subsidy Pool and 100,000 $ZKP for AMM liquidity, alongside whatever further amount and vesting schedule the DAO community determines.

  • The proposal also adds Anish Mohammed to the Emergency Stop Committee, completing the addition begun after the previous vote in PIP-25.
    ETH: 0x1F8988053F13c92d248F6eCba59A1C85dcFE4ceF

Proposed Changes

1. Privacy Rewards Pool Minting

  • The DAO will discuss and establish the total ZKP to be minted and the vesting schedule for the V1 rewards pool.

  • PRP can be redeemed for ZKP, awarded for verifiable contributions to the Panther privacy set, per PIP-26 parameters.

  • The inclusion of 1M $ZKP for Subsidy Pool And 100,000 $ZKP for the Initial rewards pool AMM,
    As defined in PIP-26 parameters.

  • Minting and vesting parameters are open for community discussion—with initial guidance to follow approaches used in the Canary network.

2. Emergency Stop Committee Membership

  • Anish Mohammed to be added to the Emergency Stop Committee (as defined in PIP-25).

3. Code Executions For PIP-25:

Emergency Stop Multisig introduction:
A new Emergency Stop Multisig will be introduced. This multisig will have the authority to trigger a single transaction—the “emergency stop”—but it won’t have the ability to perform any other actions, except to enable the “reality.eth” module - all via the DAO multisig’s “guard” module.

Admin Multisig will enable/disable reality.eth plugin:
An existing Admin Multisig will be allowed to enable or disable the “reality.eth” module on the DAO Multisig. However, the Admin Multisig will not have any other powers with the DAO Multisig. Again, the “guard” module will be used on the DAO multisig to control this.

Removal of Old Veto Council:
The members of the old Veto Council will be removed as signers from the DAO multisig. After this change, the DAO multisig will be fully controlled by plugins (e.g., “reality.eth” and guards), and no human signers will be involved in its operation.
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Funding

  • Rewards will be sourced from the 450M $ZKP protocol rewards allocation.

Next Steps

  • Community members are encouraged to discuss appropriate ZKP minting amount and vesting schedule.

  • Voting: PIP-29 will be published on Snapshot for a 3-day vote. Voting eligibility per PIP-7.

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(post deleted by author)

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what is minting… are they executing transactions?

how much it was in canary?

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Hello friends please find an amendment for PIP-29 to include the following changes:

Grant Relationship:
The DAO Council is authorized to negotiate and receive operational grants from the Panther Protocol Foundation, on a renewable quarterly basis, in accordance with the Foundation’s Grant Policy (Development Proposal Request).

Council expenses eligible for reimbursement under this grant include, but are not limited to: Council remuneration, community and protocol infrastructure (e.g., onchain governance, subgraphs, IPFS), ecosystem awareness and educational outreach, and general ecosystem support.

Specific budgets, frequency, and expenditures will be defined in a grant agreement reached each quarter between the Council and Foundation; quarterly summaries will be posted to the forum for community transparency and review.

After PIP approval, the DAO Council will complete KYC with a third party provider as requested by the Foundation prior to receiving the grant.

DAO Treasury Wallet:
The Panther Protocol DAO Zone requires a designated treasury wallet for managing withdrawal fees.
The following address will be included in the mainnet configuration:
0xE454ba38c6d358c8018dFA2cBA9a6096B2420ECD
This wallet is operated as a multisig and all outgoing transactions from this wallet will require approval from at least two out of the three Council members.

Rationale:
This arrangement promotes sustainable, accountable DAO stewardship and aligns with the Foundation’s policy and industry best practices. Community feedback remains encouraged, and reporting will ensure continued transparency and oversight.

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5

Hello Friends please find the updated Draft for PIP-29
PIP-29: Base Deployment and DAO Grants + Treasury & Emergency Committee

Context

Some items from earlier drafts have been postponed to a future PIP (PIP-30) as they depend on new smart contract deployments. This proposal includes only actionable items at this stage and introduces new priorities for the community vote.

Proposal Overview

This proposal covers the following:

  • Acceptance of the zPoken grant request for Panther Protocol deployment on Base. (found here)

  • Authorisation for the DAO Council to negotiate and receive operational grants from the Panther Protocol Foundation, per the Foundation’s Grant Policy (read policy).

  • Designation of the DAO treasury multisig wallet for managing withdrawal fee collections.

  • Confirmation of Anish Mohammed’s appointment to the Emergency Stop Committee.

Base Deployment

Panther Protocol will be deployed to Base according to the zPoken Grant proposal.
All mainnet rules and configurations apply, except the token whitelist, which will feature network-appropriate modifications.

The token whitelist for Base will be modified to reflect the network’s available and actively traded assets. Selected tokens are essential to Base’s ecosystem:

  • ZKP

  • cbBTC

  • ETH

  • USDC

  • AERO

  • ZORA

  • VIRTUAL

  • MORPHO

  • AAVE

Base deployment was requested by the community and will allow for Base users to engage with Privacy + Defi in a compliant manner. This is the first step in multichain deployment agenda and we will continue to see more chain deployments as requested by the community.
Previously drafted items that are being pushed to PIP - 30 will also outline the rewards pool amount for Base deployment as well as Polygon.

Grant Relationship

The DAO Council is authorised to negotiate and receive operational grants from the Panther Protocol Foundation on a renewable quarterly basis, in accordance with Foundation policy.

Council grant expenses eligible for reimbursement include (but are not limited to):

  • Council remuneration,

  • Community infrastructure (e.g., on-chain governance),

  • Ecosystem awareness and educational outreach,

  • General ecosystem support.

Specific budgets, frequency, and expenditures will be set in grant agreements reached each quarter between the Council and Foundation. Quarterly expenditure summaries will be posted for transparency.

After PIP approval, the DAO Council will complete KYC with a third-party provider as required by the Foundation.

Treasury Wallet

The Panther Protocol DAO Zone requires a designated treasury wallet for withdrawal fees and related protocol income.

Multisig address: 0xE454ba38c6d358c8018dFA2cBA9a6096B2420ECD

Outgoing transactions require approval from at least two of the three Council members.

Emergency Stop Committee

Anish Mohammed will be formally added to the Emergency Stop Committee as mandated by PIP-25.
ETH: 0x1F8988053F13c92d248F6eCba59A1C85dcFE4ceF

Voting Eligibility

Voting is governed under PIP-7, which defines eligibility criteria for Panther DAO governance and now also included $ZKP tokens on base

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