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AdamantAdamantby0xbae29B5C066b02D59493Da8bbccC1fAf515294380xbae2…9438

Should the boosting power per BP be set to a 1:1 ratio with the amount boosted?

Voting ended about 4 years agoSucceeded

The Adamant team proposes that the boosting power of each boost point (BP) should be set to a 1:1 ratio with the amount boosted.

The objective of this proposal is to:

  • Reduce inflation as the platform continues to mature
  • Incentivize purchasing and locking ADDY and other Adamant platform tokens
  • Make the boosting system scale better with ADDY's price. The current system doesn't scale well with ADDY's price and any adjustments to the boost power per BP requires a proposal to be made each time.

For example, with the new system, if it costs $200 to get 100 BP, $200 worth of vault deposits would be boosted.

There will also be a maximum boost amount per BP, set to 50% of the emission rate of ADDY. For example, if 300 ADDY are minted per ETH, the maximum boost amount per BP would be $150, so even if each BP cost more than $150 to get, they would boost only $150 worth of vault deposits.

Note: This will not affect voting power/airdrop amount.

Off-Chain Vote

Yes
144.31K 86.9%
No
21.78K 13.1%
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Timeline

Jan 04, 2022Proposal created
Jan 04, 2022Proposal vote started
Jan 06, 2022Proposal vote ended
Oct 26, 2023Proposal updated