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Bag.winBag.winby0x607DBCc8f8A502493fAD2eAd62E21c8FCc2E23C50x607D…23C5

token value - slow down emissions

Voting ended about 5 years agoSucceeded

Background

Until now several proposals have been presented and approved by the community and major holders all with a similar goal to reduce unnecessary inflation and maximize token value. The key proposals in this direction were:

  • Remove balancers, allocate rewards to governance #QmVjWKA
  • Secure investors capital by reducing inflation #QmYR224
  • Update LP Rewards Logic Starting 2/9 #QmRnnRA
  • Increase Governance Rewards #QmdofKf
  • Treasury distribution #QmYouTx

The main achievements so far were to minimize emissions, by consequence, more tokens remain in the treasury accruing its value. Ultimately, more value in the treasury means more value for the token and its holders

A new proposal was recently passed to increase governance staking rewards and at the same time reduce LP staking rewards, having an overall increase in DG regards: Increase governance rewards to 1600 DG per week #QmZzmMC

Proposal

This proposal seeks to partially revert #QmZzmMC in the following way: Do not change the current governance staking rewards and keep it at 1000 DG per week (reverting this decision)

At the same time, we welcome and confirm the decision to decrease the Uniswap LP rewards from 1000 DG to 700 DG per week

Rationale

The initial LP and governance emissions had a purpose and were extremely useful, by offering appealing rewards, decentral.games created awareness around the project. At this stage increasing rewards for governance is not likely to produce any meaningful impact of new awareness, especially considering that the hunt for high yield attracts more short-term users the higher the yield. Furthermore, it is not sustainable to keep rewarding at a high APR. With a long-term view, it seems best to continue to gradually slow emissions leaving valuable assets in the treasury. These assets can be used at later stages for more impactful activities like marketing and partnerships

Off-Chain Vote

YES (partially revert #QmZzmMC)
26.92K 64.3%
NO (maintain all of #QmZzmMC)
14.95K 35.7%
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Timeline

Mar 04, 2021Proposal created
Mar 04, 2021Proposal vote started
Mar 10, 2021Proposal vote ended
Oct 26, 2023Proposal updated