SUMMARY

One of utilities of $COOKIE is Multi-Airdrop Farming — a mechanism that grants $COOKIE stakers access to airdrops from projects participating in the Cookie3 Growth Partner Program and Cookie DAO Community Activations.

To access Multi-Airdrop Farming, $COOKIE stakers contribute $COOKIE to farming pools, and the amount of $COOKIE contributed determines the size of their farm and their final airdrop.

Eligible stakers can contribute $COOKIE to the farming pools in three rounds:

1. Guaranteed Round (duration 24h): The airdrop pool is split according to farming tiers between all eligible stakers, giving each staker a maximum allocation of how much $COOKIE they can contribute to the farming pool.
2. FCFS Round (duration 24h or until the pool fills up): If the pool isn’t filled up in the first round, the allocation of how much a user can contribute to the pool is increased to 5x or 10x the initial allocation. In this round, the total allocations per staker are larger than the total pool size, therefore users can contribute $COOKIE to the pool on the first come first served basis.
3. General Access Round (FCFS): In case the pool isn’t filled up in the FCFS round, the pool opens up for anyone to contribute, regardless of whether they are a staker or not.

Full Information on Multi-Airdrop Farming: https://docs.cookie.community/cookie-dao/multi-airdrop-farming/usdcookie-multi-airdrop-farming-101

This proposal seeks community consensus on the allocation cap for the second round FCFS round of the Multi-Airdrop Farming campaign. There have been discussions held among the Cookie DAO members about whether the increased allocation should be 5x or 10x the allocation from the guaranteed round.

Both approaches have been tested in past farming.

The discussion regarding this proposal has been held on Discord, led predominantly by members using the following handles: chillandgreen (Chef’s Council Member), zeljaomaha, nah_i_would_scale, somebody7102, daliborbozic, dewacrypto, matiasmidjourney1, bubble2.1, adamaircry, toller.eth.

Since the community was split on whether the multiplier for the FCFS round should be 5x or 10x, the Cookie DAO Chef’s Council has decided to hold a vote and honor the decision of the Cookie DAO community in this matter.

Decision to be made: For the FCFS round, a decision is to be made relating to the multiplier for maximum allocation per participant.

The options under consideration are:

• Option 1: Set the cap at 5x of the initial guaranteed allocation.
• Option 2: Set the cap at 10x of the initial guaranteed allocation.
• Option 3: Set the cap dynamically based on the pool size.
  • Below (or equal) 500,000 $COOKIE pool size at 5x.
  • Above 500,000 $COOKIE pool size at 10x.

Arguments used by community members in favor of the 5x multiplier:

• Ensures broader distribution of tokens among more community members.
• Reduces the likelihood of a few large holders dominating the allocation.
• Encourages sustainable participation across multiple rounds.

Arguments used by community members in favor of the 10x multiplier:

• Provides greater incentives for high-stake participants to contribute more.
• Increases the overall impact of the FCFS round, making it more competitive and engaging.
• Maximizes potential farming rewards for active members.

Arguments used behind Option 3:

• Provides a balanced approach that adapts to different pool sizes, ensuring fairness and flexibility.
• Maintains broader distribution in smaller pools (5x cap) while allowing greater contributions in larger pools (10x cap).
• Encourages both small and large participants to stay engaged, depending on the scale of the round.

Voting process: Per the DAO Constitution, all $COOKIE stakers have the right to vote on this Proposal by casting one of the following votes: a. 5x allocation in the FCFS Round, in which the Staker supports the 5x increase of the allocation in the Multi-Airdrop Farming FCFS Round b. 10x allocation in the FCFS Round, in which the Staker supports the 10x increase of the allocation in the Multi-Airdrop Farming FCFS Round c. Dynamic cap based on the pool size, in which the Staker supports setting the FCFS Round cap depending on the total pool size — 5x for pools below 500,000 $COOKIE, and 10x for pools above 500,000 $COOKIE. d. Abstain, in which case the Staker neither supports or rejects the Proposal.

The option that receives the most votes will be implemented in Multi-Airdrop Farming going forward. If more than 50% of voters abstain, another proposal will be prepared for a second vote.

How to vote on Snapshot? → https://docs.snapshot.box/user-guides/voting/vote

More info about the voting process: → https://assets.cookie.community/assets/CookieDAOConstitution.pdf

Voting details:

• Start Date: April 15, 9:00 AM UTC
• End Date: April 16, 9:00 AM UTC

Let your voice be heard and vote to express your opinion and establish the allocation for the Multi-Airdrop Farming FCFS Round.