Currently, the instant release of seigniorage at epoch time results in heavy MIC sell pressure that the system is unable to absorb. The V2 Boardroom will be upgraded as follows.
Seigniorage rewards will still be released every 6 hours, but a record will be kept and withdrawals will be taxed if done within 5 days:
24 hours — 50% tax
48 hours — 40% tax
72 hours — 30% tax
96 hours — 20% tax
120 hours — 10% tax
Above 120 hours — 0% tax
Taxes collected from early withdrawals will be immediately distributed:
50% distributed back to MIS Boardroom stakers
We believe that this combination will result in smoother seigniorage events and also provide an added incentive for MIS Boardroom stakers.