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CashCow ProtocolCashCow Protocolby0x96Ec1d8227724354869ED2e4600B3c45e830d04D0x96Ec…d04D

Proposal 12 - Deactivate $COW Token in the MilkBar

Voting ended over 2 years agoSucceeded

✔️Objectives of the Proposal:

Remove the $COW pool in the MilkBar to incentivize positioning for the CashCow Farm whitelist and facilitate participation in the launch.

Increase the allocation points in the MILK-USDT and MILK-BNB liquidity pairs to incentivize liquidity provision and strengthen the stability of the $MILK token.

✔️Background:

The protocol has been in operation for two years, and during this time, the MilkBar has been a fundamental component, providing rewards in $MILK since its initial launch. With the upcoming farm game launch, a key opportunity is seen to optimize the reward structure in the MilkBar.

The proposal to remove the $COW token from the MilkBar arises because holding $COW in the wallet will be necessary to have a better position on the whitelist prior to the farm game pack sale.

The distribution of the 25x allocation points of $COW is proposed to improve liquidity in strategic pairs and encourage greater p articipation in the protocol, in line with previous governance proposals.

Additionally, the use of the $COW token in the game as a Milk Power Booster adds additional value, making it a relevant asset for farm game users.

✔️Proposal:

Deactivate the $COW pool in the MilkBar and reallocate the allocation points (25x) n the liquidity pairs as follows:

*In the event that only proposal 12 is approved.

  • MILK-USDT: Increase from 39x to 52x (increase of 13 allocation points).
  • MILK-BNB: Increase from 24x to 36x (increase of 12 allocation points).

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

  • MILK-USDT: Increase from 52x to 56x (increase of 4 allocation points from Milk MilkBar).
  • MILK-BNB: Increase from 36x to 41x (increase of 5 allocation points from Milk MilkBar).

✔️Expected Results:

With the deactivation of the $COW pool in the MilkBar and the reallocation of allocation points in the MILK-USDT and MILK-BNB liquidity pairs, an increase in liquidity in these key pairs is expected. This could lead to greater stability in the $MILK token price and reduce market volatility, benefiting investors and users.

The optimization of rewards and liquidity in strategic pairs will contribute to the overall strengthening of the ecosystem prior to CashCow Farm.

With the deactivation of the $COW pool in the MilkBar and the requirement to hold $COW in the wallet to be better positioned on the whitelist prior to the farm game pack sale, an increase in transactions is also expected, with fair distribution and token burning.

✔️Voting:

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

Off-Chain Vote

Positive vote
14.27K COW83.7%
Negative vote
2.78K COW16.3%
Quorum:170%
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Timeline

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