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CashCow ProtocolCashCow Protocolby0x96Ec1d8227724354869ED2e4600B3c45e830d04D0x96Ec…d04D

Proposal 11 - Deactivate $MILK Token in the MilkBar

Voting ended over 2 years agoSucceeded

✔️Objectives of the Proposal:

The objective is to modify the reward structure in the MilkBar and no longer deliver rewards for participating in the Milk Token ($MILK) pool. In line with previous proposals, it seeks to incentivize liquidity provision in the MILK-USDT and MILK-BNB liquidity pairs.

✔️Background:

The MilkBar has been delivering $MILK rewards since the protocol's inception, but with the upcoming farm game launch and the entry of new investors, it is necessary to adjust the reward structure. The proposal seeks to maintain balance in the ecosystem and reduce exposure to $MILK emission in the MilkBar.

✔️Proposal: Deactivate the $MILK pool in the MilkBar and reallocate the allocation points (9x) in the liquidity pairs as follows:

*In the event that only proposal 11 is approved.

  • MILK-USDT: Increase from 39x to 43x (increase of 4 allocation ponts).
  • MILK-BNB: Increase from 24x to 29x (increase of 5 allocation points).

*In the event that proposals 11 and 12 (both) are approved.

  • MILK-USDT: Increase from 43x to 56x (increase of 13 allocation points from COW MilkBar).
  • MILK-BNB: Increase from 29x to 41x (increase of 12 allocation points from COW MilkBar).

✔️Expected Results:

Incentive for liquidity provision in the MILK-USDT / MILK-BNB pools with attractive APR, which may attract new investors and improve liquidity in these key markets.

Stability of the $MILK token by reducing its distribution in the MilkBar and diversifying rewards in strategic liquidity pairs.

✔️Voting:

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

Off-Chain Vote

Positive vote
11.41K COW61.5%
Negative vote
7.16K COW38.5%
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