Bao.cx farms reached the 1T soft cap early and are no longer printing rewards. But, we are well under the planned 1.5T hard cap that was expected.

This is because the soft cap was only expected to account for farming distribution but also included treasury holdings, and rewards on xDAI were moving faster than expected.

This means farming rewards on xDAI are currently not accumulating.

While farms are not needed for the final synth product, they are nice to have and it was expected that we'd continue to have the xDAI farms for another few months.

How we deal with the farms is up to the community.

Options below:

NOTE: -None of these options are introducing new Bao. The intended hard limit was always 1.5T, 1T was the limit to be distributed by farming. Right now Bao is at 1T total and should not be counting as having hit the farming limit.

-Many of these different proposals will take different amounts of time to implement. The teams do not have all this functionality ready as this was unplanned.

Option A)

• Leave Bao.cx at the 1T Softcap (No more farming rewards on xDAI)
• Turn off withdrawal fee from farms.
• This will mean losing most of the xDAI TLV from Baoswap on xDAI
• Focus on the next franchise (Matic + Soft Synths)

Option B)

• Leave Bao.cx at the 1T Softcap (No more farming rewards on xDAI)
• Leave the withdrawal fee on farms on.
• Activate Bao.cx staking for xDAI fees to keep the swap rewards.
• Then focus on the next franchise (Matic + Soft Synths)

Option C)

• Migrate Bao and Bao.cx tokens fixing the cap limit bug and allowing us to reach the 1.5T
• Restart xDAI farming rewards.
• Activate Bao.cx staking for xDAI fees to keep the current rewards.

Option D)

• Migrate Bao and Bao.cx tokens fixing the cap limit bug and allowing us to reach the 1.5T
• Restart xDAI farming rewards.
• Reward stakers retroactively for staying in LP pools

Option E)

• Leave Bao.cx at the 1T Softcap but design new reward incentives for LP stakers. These would be determined by the community.

Option F)

• Use treasury Bao.cx to continue to create farming rewards. (This would require a new contract and would break the 1-1 peg. This is not advised but was a community proposal)

Option G)

• Replace Bao.cx farm rewards with NFT badges that will provide bonuses in future synth products but keep the Bao.cx limit at the 1T softcap.

Option H)

• Do nothing. Take more time to review proposals and plan for next steps.