Version 2:
BIP-97: Pipe Stacking
Summary
BIP-97 proposes allowing VP to stack across all Pipes held in a single wallet, giving each Pipe its own 1,575 VP per week rather than capping the benefit at one Pipe per wallet. To activate the VP of each additional Pipe beyond the first, a holder must have 1,575 $BOTTO staked per additional Pipe. The first Pipe's VP remains unconditional, consistent with the original Pipes utility. This proposal increases the utility of holding multiple Pipes, reinforces the connection between Pipes and $BOTTO token ownership, and creates additional buy pressure on the token.
Rationale
Currently, a wallet holding multiple Pipes receives 1,575 VP per week regardless of how many Pipes it holds. There is no marginal benefit to holding more than one Pipe, which undermines the collection's utility as a governance instrument and removes any incentive to acquire additional Pipes.
Allowing VP to stack addresses this directly. A holder with 3 Pipes and 3,150 $BOTTO staked would receive 4,725 VP per week instead of 1,575 — a meaningful increase that rewards deeper holders and strengthens the collection's value proposition.
Linking stacking to $BOTTO staking serves two purposes: it mitigates the risk of VP concentration through large Pipe accumulation by requiring holders to also be deeply invested in the token, and it creates direct buy pressure on $BOTTO each time a holder wants to activate an additional Pipe.
No active staking is required for the first Pipe. Pipes must be held in a wallet connected to the Studio at the start of each voting round, consistent with the existing mechanic.
Proposal Specification
- VP generation from Pipes stacks across all Pipes held in a single connected wallet — each Pipe generating 1,575 VP per week.
- The first Pipe's VP is unconditional, consistent with the original Pipes mechanic.
- Each additional Pipe beyond the first requires 1,575 $BOTTO staked in the same wallet to activate its VP. A holder with 3 Pipes must have 3,150 $BOTTO staked to receive the full 4,725 VP per week.
- Pipes must be held in a wallet connected to the Studio at the start of each voting round.
- The platform team will update the VP calculation logic to reflect the per-Pipe staking requirement. The Studio and documentation will be updated accordingly.
Criteria of Success
- VP from all held Pipes correctly stacks per connected wallet, subject to the $BOTTO staking requirement
- Increase in Pipes secondary market activity following implementation
- Measurable increase in $BOTTO staking linked to Pipe activation
Disadvantages/Risks
- VP inflation: stacking increases the total VP pool; mitigated by the $BOTTO staking requirement, which ties additional VP directly to token ownership
- Whale concentration: holders with large Pipe collections could accumulate significant VP; mitigated by the staking requirement and by BIP-95 (VP cap per work per wallet) if passed
- Platform changes required: requires updates to VP calculation logic, the Studio interface, and documentation
Timeline
If passed, implementation is targeted for the start of the next period.
Budget
Platform development time only. No additional budget required.
