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ChoccySwapChoccySwapby0x6d8572A5eD95B437CD47bAD878Fd3654BC3706150x6d85…0615

Staking reward for liquidity providers

Voting ended over 3 years agoSucceeded

27 million tokens was designed to be a locked liquidity pool at launch of the Choccyswap in April. However only 22.5 million CCY tokens were used and the remaining 4.5 million CCY tokens is now not locked and located in a wallet. wallet address 0x5c242820f315063513f28d1f695f8ad0232efdd4

As a community member and a big fan of Chromia project, I would like to find a solution to this asap before this community grows bigger and have it done right. Regardless of how we got here, we are not here to point fingers, but solely find an acceptable solution which will be satisfied by most stake holders.

disclaimer: the first two paragraph above is copied and paste from this proposal : https://vote.choccyswap.com/#/proposal/0xdc812d8c283846ed6b7f5c0742581a2a2c1f6b212333aeff9e4f39f889166940 Please don't sue me for copyright.

Option 1: I think it's best to use this remaining amount as a staking reward for liquidity providers. The emission of the rewards will differ based on the options chose by liquidity provider (LP). Please note that LP will only be able to choose one of the following options.

  1. 500k CCY token instantly unlock, distributed amongst all liquidity providers within 2 years period. No LP lock, immediate withdraw anytime.
  2. 2 million CCY token with 6 months lock and linear daily vesting within 18 months after the lock, distributed amongst all liquidity providers. LP is locked for 6 months, withdrawing and then providing liquidity will reset the Lock Timer.
  3. remaining 2 million CCY token will be hold for the time being until decided by the DAO.

Option 2:

think it's best to use this remaining amount as a staking reward for liquidity providers. The emission of the rewards will be as follow:

4.5 million CCY will be rewarded to liquidity providers for the period of 3 years. No LP lock, immediate withdraw anytime.

Off-Chain Vote

Option 1
0 CCY0%
Option 2
0 CCY0%
Discard this proposal
709.14K CCY100%
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Timeline

Jul 26, 2022Proposal created
Jul 26, 2022Proposal vote started
Aug 02, 2022Proposal vote ended
Oct 26, 2023Proposal updated