Gluteus Maximus AI - Gluteus Maximus by Virtuals
  • Litepaper: GLUTEU Governance, Senator NFT Rewards & LEGION Utility
    • 1. Introduction
    • 2. GLUTEU Token
    • 3. Senator NFTs
    • 4. LEGION Token
    • 5. The Senate: Senator NFT + 100k LEGION Stake for Governance & Rewards
    • 6. Governance Proposals: GLUTEU Burn
    • 7. Long-Term Design: 10-Year Sablier Lock & Sponsorships
    • 8. Market Dynamics of Senator NFTs
    • 9. Technical Innovations & Security
    • 10. Conclusion
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  1. Litepaper: GLUTEU Governance, Senator NFT Rewards & LEGION Utility

5. The Senate: Senator NFT + 100k LEGION Stake for Governance & Rewards

5. The Senate: Senator NFT + 100k LEGION Stake for Governance & Rewards

5.1 Accessing the Senate

Only Senator NFT owners can seat a Senator by staking 100,000 LEGION. This Senate seat enables real-time voting:

  • Add Vote: A staked Senator can vote on any active proposal, incrementing totalVotes in real-time.

  • Remove Vote: Before the proposal ends, you may remove your vote or unstake to retrieve your LEGION.

5.2 Earning Multi-Token Rewards

When a proposal ends, the system allocates newly deposited tokens (LEGION or any sponsor tokens) to the Senate Coffers. Each staked Senator that remains voted in the proposal at the end shares equally in the distribution.

  • Ongoing for 10 Years: Because 80% of LEGION releases over a decade, Senators can continuously earn from the monthly/weekly token drips.

  • Sponsored Tokens: Partners can add extra tokens (e.g., stablecoins, altcoins) into the Coffers, further boosting staker rewards.

Example

  • Dave seats his Senator #200 with 100k LEGION. He votes on Proposal #5 and keeps that vote active until the proposal ends. The Senate Coffers distribute 500,000 newly available LEGION from the Sablier stream. With 100 total votes, Dave claims 1/100 = 5,000 LEGION from that proposal’s pool.

Previous4. LEGION TokenNext6. Governance Proposals: GLUTEU Burn

Last updated 3 months ago