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CashCow ProtocolCashCow Protocolby0x96Ec1d8227724354869ED2e4600B3c45e830d04D0x96Ec…d04D

Proposal 10: Reduction of $MILK Emission by Lowering MILK PER BLOCK (mpb)

Voting ended over 2 years agoSucceeded

✔️Objectives of the Proposal:

The aim is to reduce the emission of $MILK by decreasing the Milk Per Block (mpb) to reduce the inflation of Milk Token and ensure a more stable and balanced economy within the ecosystem.

  • Reduce Milk Token inflation
  • Lower Milk per Block (mpb)
  • Decrease the amount of circulating Milk Token prior to the game

✔️Background:

The emission of the MILK token has experienced two adjustments in the token's history. Initially, after the launch, a one-month period was set with an emission of 90 mpb, which was halved after that period, remaining at 45 mpb. Subsequently, based on governance proposal 1, which concluded on March 5, 2022, the decision was made to further reduce the emission to 30 mpb, which is the current amount. Previous adjustments were made to control the MILK supply and maintain more sustainable inflation within the project.

Now, as the protocol reaches its two-year mark and with the upcoming launch of CashCow Farm, an additional adjustment is considered by reducing the MILK emission allocated to the DApp from 30 mpb to 10 mpb.

It is important to highlight that at the game's launch, this amount would be added to a new emission of 30 mpb, which would be exclusively destined for the $MILK game rewards system. Once the game is launched, the reward distribution will be 25% (10 mpb) for Staking and 75% (30 mpb) for CashCow Farm.

The intention is to prepare the ecosystem for the game launch, assigning a specific MILK emission for staking rewards and balancing participation between the DApp and the game.

✔️Proposal:

Reduction of Milk Per Block from 30 mpb to 10 mpb.

✔️Expected Results:

The proposal seeks to improve the sustainability and stability of the project by regulating inflation, reducing the amount of MILK in circulation before the game launch, and controlling the total emission of $MILK. These expected results will foster confidence in the MILK token ecosystem and lay the groundwork for sustainable and successful growth in the future. By reducing the amount of MILK tokens in circulation before the launch of the "CashCow Farm" game, it aims to create a relative scarcity of the token, which could increase the appeal to investors. It also aims to establish a solid and attractive ecosystem for investors and users, promoting financial stability and the long-term development of the MILK token.

✔️Voting:

  • Positive vote: I support the proposal
  • Negative vote: I do not support the proposal

Off-Chain Vote

Positive vote
17.04K COW91.8%
Negative vote
1.53K COW8.2%
Quorum:186%
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Timeline

Aug 13, 2023Proposal created
Aug 13, 2023Proposal vote started
Aug 20, 2023Proposal vote ended
Oct 26, 2023Proposal updated