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CashCow ProtocolCashCow Protocolby0x96Ec1d8227724354869ED2e4600B3c45e830d04D0x96Ec…d04D

Proposal 13 - Removal of Deposit Fee from MILK-BNB GLP

Voting ended over 2 years agoFailed

✔️Objective of the proposal: The purpose of this proposal is to eliminate the Deposit Fee from the MILK-BNB GLP liquidity pool to continue incentivizing the increase in liquidity of the $MILK token, as expressed in the guidelines of previous governance proposals.

✔️Background: Previously, in Governance Proposal 3, a 2% Deposit Fee was established in the MILK-BNB GLP liquidity pool. However, it has been observed that this may not align with the current objectives of the community and the protocol. This proposal aims to reverse this measure and eliminate the Deposit Fee in this specific pool.

✔️Proposal: Remove the 2% Deposit Fee from the liquidity pool of the Milk Farm MILK-BNB GLP.

✔️Expected Results: More advantages for investors in the MILK-BNB GLP pool by eliminating the Deposit Fee. Increased interest in the MILK-BNB GLP pool due to the fee elimination, which could increase the number of deposits in this pool. This action will not affect deposits made before its implementation.

✔️Voting Options: Positive Vote: 0% Deposit fee in the MILK-BNB GLP pool. Negative Vote: 2% Deposit fee in the MILK-BNB GLP pool.

Off-Chain Vote

Positive Vote
7.96K COW84.1%
Negative Vote
1.5K COW15.9%
Quorum:95%
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Timeline

Oct 11, 2023Proposal created
Oct 11, 2023Proposal vote started
Oct 18, 2023Proposal vote ended
Oct 26, 2023Proposal updated