“Ouch. It’s been a harsh past few weeks for many in the Node market and certainly for COMB investors. As of this writing, our token price is down more than ~80% since our node cap on March 16th, 2022. Nevertheless, by almost any measure, COMB is in a stronger position now than at any time in its past.”
Although our system’s design has been crafted to support our node holders, we understand that many node holders may not fully understand the true value of zCOMB. Since zComb’s start date, our protocol has seen $87,377.22 in revenue. To further emphasize the extent of that number, zComb has only been active for 10 days! As a protocol, we earned an average revenue of $8737.72 within the past 10 days. This revenue is purely a result of our own infrastructure: our farms and compounders alone. We have not yet introduced our validator or previous investments to the mix yet. Compared to nodes, the daily ROI is around 1%, while in zCOMB, we have been seeing daily ROIs of 1% and up. And one more thing, don’t forget that the COMB is withdrawable. Let this reinforce how valuable, and profitable, the zCOMB ecosystem really is.
Furthermore, the current ratio of emissions for COMB is at a 80:20 ratio in regards to nodes and farms. In other words, our node emissions are 4 times higher than our farm emissions, yet the revenue we see is solely from farms. We would like to emphasize that the result of our current price action is not because of the farms, but instead mainly of the node emissions.
As we would like to honor our DAO governance, we would like to propose a few solutions to problems we are facing in the short term. Together as a community we will take action. Together as a community we will decide our fate.
So we are left with the billion dollar question: how should we address price action?
Increase Claim Tax Increase claim tax for investing into zCOMB to match COMB increase. 45% Tax for 2 Weeks 35% Tax for 2 Months 10% Tax for 1 Year Increase claim tax for claiming into COMB. 75% Tax for 0-6 Days 65% Tax for 7-14 Days 55% Tax for 14 Days
Increase Tax Duration for claiming COMB. 0-6 Days → 0-14 Days 7-14 Days → 14-30 Days 14 Days + → 30 Days +
Structure Node Emissions Over time, if a user does not claim into zCOMB, their rewards rate will decay until they reach a base rate. Users with more zCOMB will receive more emissions from their nodes than users who hold no zCOMB. The formula will be depicted by...
20% + 80% * (Current zCOMB / Maximized zCOMB from node emissions)
This means that users who have been depositing into zCOMB since the cap will receive more COMB emissions when compared to those who have sold their COMB since the cap.
Restrict the users from claiming into COMB. Users would only be able to claim into zCOMB (At any lock period, including 2 weeks) (Disregards other proposals).
No changes.