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ACryptoSACryptoSby0x4B57D24a0c391112F5E8ca0bF23B659f8D8d9fEe0x4B57…9fEe

Boost for UNFI-BNB Pair in light of upcoming promotion

Voting ended over 4 years agoSucceeded

Hello fellow Samurai,

I'd like to propose increasing the ACS Weighting of the UNFI-BNB pool up from 0.2x. I have given several options, as I am personally unsure where it should be raised to.

There is a short voting window for this referendum, because it will require prompt action to achieve maximal benefits.

My reasons for proposing the increase are as follows:

The Unifi Protocol community have been very supportive of ACryptoS in the recent past and we have recently shared a platform with them during 2 AMAs.

Unifi recently acquired a smaller token known as $SEED with a merger deal, and will be absorbing the $SEED token market cap (~$6.5M) and converting the value into their rewards token, $UP.

Around 2% of the total market cap of BEP20 SEED will be injected, as liquidity rewards, into the UNFI-BNB liquidity pool, which ACS already supports with an ACS vault. As it stands, slightly more than $45,000, but potentially more, will be shared out amongst UNFI-BNB liquidity providers over the coming weeks. The liquidity pool contains $450,000 at present so this is a flat-rate injection of 10% in a short space of time.

This is likely to bring an influx of new liquidity providers to the UNFI-BNB pool during the promotion period, in search of those rewards, and this in turn offers ACS an opportunity to attract new users by 'boost'ing the terms we offer to UNFI-BNB liquidity providers! This can be on a temporary or permanent basis and I would like to leave the issue of duration entirely to the discretion of the ACS team.

I personally recommend that we increase the ACS boost weighting as far as we are able to - even if it is only on a temporary basis - in order to capture the attention of these new users and convert them into ACS users too! :)


How to interpret the poll:

If votes for the 3 'approve' options cumulatively outnumber the 'decline' options, then whichever of the 3 weights (0.3, 0.5, 1.0) has the most votes, has been selected.

If 'decline' takes >50% of the vote, then no increase shall occur.


Thanks for reading, please vote! :)

Off-Chain Vote

Approve: raise to 0.3x
5.81K 22.7%
Approve: raise to 0.5x
18.95K 74.1%
Approve: raise to 1.0x
241.94 0.9%
Decline
580.73 2.3%
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Timeline

Aug 05, 2021Proposal created
Aug 05, 2021Proposal vote started
Aug 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated