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PulseXV2BPulseXV2Bby0x3530cfc193Ac616D6447Feea899AaA3629A9aB390x3530…aB39

Add hourly Auto Compound rewards feature

Voting ended almost 4 years agoSucceeded

This proposal is to add an hourly auto-compounding feature to all the farms and pools. This auto-compounding will come with a premium of 10% of the reward being reinvested back into the pool\farm. For example, a liquidity provider places 1000 plsx into a farm consisting of PulseX\Dai pairing flash forward 60 minutes later they've earned 10 reward tokens. These rewards would be sold at a 50/50 rate to allow them to be reinvested back into the pool (minus fees, gas, 10% commission)
The hourly re-compounding of the reward tokens back into the pool\farms is based in fundamental game theory as we are helping liquidity providers save time while increasing there profits. At the same time there is the added benefit of all the transactions created in these hourly batches going out and harvesting, buying, selling, pairing, reinvest, generating a steady stream of gas fees and commissions for both PulseChain and PulseX. The revenuses collected can be pooled into a fund where PLSX holders can vote on how they should be used by passing a proposals that community members submit. Proposals could range from marketing, onboarding, employee hirers, buy-backs, ect. Furthermore, These proposals should work with the same criteria used in selecting the pairing of tokens farms and pools.

Off-Chain Vote

Yes
35 PLSX97.2%
No
1 PLSX2.8%
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Timeline

Apr 15, 2022Proposal created
Apr 15, 2022Proposal vote started
Apr 29, 2022Proposal vote ended
Oct 26, 2023Proposal updated