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CryptoHippos NFTCryptoHippos NFTby0xBbB589796d01EF05f24C49f57d53125d4382ab620xBbB5…ab62

Should we withdraw our interest gained from P79 to the community wallet or let it compound for the 6 month lock up period?

Voting ended over 3 years agoSucceeded

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With a return of 6.8% from the first month with P79 (https://www.project79.com/) from our $25,000 sacrifice, we have the option to either withdraw $1,700 to the community wallet, or sacrifice the amount again to compound.

Below is a basic calculation that shows the effect of compounding over a 12 month period assuming 6.8% monthly returns on the overall balance of the original $25,000 investment versus the overall balance if returns are withdrawn each month to the community wallet.

image

Off-Chain Vote

Yes, withdraw.
25 HIPPO1.5%
No, compound
1.68K HIPPO98.5%
Abstain
0 HIPPO0%
Quorum:171%
Download mobile app to vote

Timeline

Sep 30, 2022Proposal created
Oct 01, 2022Proposal vote started
Oct 03, 2022Proposal vote ended
Oct 26, 2023Proposal updated