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Is there support for reallocating emissions from the WHEY staking pools and re-allocating to the WHEY/ETH and WHEY/WMATIC pools?

Voting ended over 4 years agoSucceeded

Currently there is approximately $70,000 of liquidity available for WHEY across ETH and MATIC chains. This is very low, and presents two major problems:

  1. Liquidity Providers are at risk of finding themselves holding only one asset.
  2. Potential larger investors are likely turned off from investing in WHEY due to the lack of liquidity and subsequent arising problems (i.e. slippage, not being able to buy a sizeable bag).

This proposal is to see if the community would be in favour of lowering emissions (rewards) from the WHEY staking pools, and re-allocating them to the WHEY/ETH and WHEY/WMATIC pools. The intention would be to encourage existing stakers to move to LPing, which in turn supports more newcomers to build positions in WHEY. For reference, if 25% of stakers were to move to LPing, this would represent an appox. 50% increase in the amount of liquidity available.

If the vote is yes, a further proposal will be put forward (after discussion within the community) with a multiple-choice vote on how much the emissions should be lowered by.

Off-Chain Vote

Yes
12.63M 100%
No
333 0%
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Timeline

Oct 18, 2021Proposal created
Oct 19, 2021Proposal vote started
Oct 26, 2021Proposal vote ended
Oct 26, 2023Proposal updated