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ApeBondApeBondby0x27e55b2ab95233C19C573a3Ee8E2BC7DA649BB750x27e5…BB75

GNANA → BANANA Pool Rewards

Voting ended over 4 years agoSucceeded

Currently ApeSwap allocates 75,000 BANANA on a monthly basis to the GNANA staking pool which rewards in BANANA. Due to the increasing demand in GNANA, we are proposing to increase the emissions of the pool to more adequately reward GNANA stakers.

Option 1: Same Allocation Amount

No change occurs in the amount of tokens rewarded per block in the GNANA → BANANA staking pool, but ApeSwap utilizes a new farm (in the same capacity that we do for Polygon BANANA rewards) to continue ensuring rewards are available for this pool. Please note, this would have minor impacts on the emissions rates (and therefore APRs) across all ApeSwap BSC farms. There is no impact to the overall emission rate.

Specifically, ApeSwap would continue to allocate 75,000 BANANA to the pool monthly (each 30 days) via a new farm managed by ApeSwap.

Option 2: Increase Allocation for GNANA → BANANA Pool

ApeSwap increases the BANANA emissions rate on the stake GNANA earn BANANA pool. Specifically, ApeSwap uses approximately 0.15 newly minted BANANA tokens per block and allocates them to the GNANA → BANANA staking pool. This would increase the allowance of this pool from 75,000 tokens to 129,600 tokens on a monthly basis.

To implement this, a new farm is created and managed by ApeSwap, where all emissions collected are funneled into the GNANA → BANANA pool. Please note, this would have minor impacts on the emissions rates (and therefore APRs) across all ApeSwap BSC farms. There is no impact to the overall emission rate.

Off-Chain Vote

Same Allocation Amount
1.6K 0.5%
Increase Allocation for Pool
347.7K 99.5%
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Timeline

Aug 16, 2021Proposal created
Aug 18, 2021Proposal vote started
Aug 25, 2021Proposal vote ended
Oct 26, 2023Proposal updated