[DOMANI-1] Mining Rewards Change

Voting ended about 4 years agoSucceeded

INTRODUCTION

Given Domani has recently launched on Avalanche and will be deploying on a number of new chains in 2022, this leaves us with a debate around how we should distribute rewards.

When we were based solely on Ethereum we would give out 10K $DEXTF per day split 30% for providing liquidity on the DEXTF/ETH pool and 70% for liquidity provision on DEXTF/FUND pools (e.g XTF2GBTC, XTF2SSSWR3).

Currently the protocol is distributing these rewards on Ethereum. Additionally, to celebrate the Avalanche launch, we decided to allocate via the team allocation 3K $DEXTF per day to incentivize the liquidity for DEXTF/AVAX.

With this proposal, we are delegating the decision to the community on what’s best for the protocol. We hope the voting is done with a consideration to our multichain strategy fully realizing in 2022.

Under the ‘solutions’ section, we propose three potential avenues for our liquidity mining program to evolve into. Please look at these carefully as they will impact inflation and distribution.

Objectives:

Incentivizing Domani Protocol fund tokens/tokens pair liquidity pools + DEXTF / native chain token pair liquidity pools fairly.

THE PROPOSAL

Option 1: Domani would aggregate reward distribution across all chains based on the liquidity provided (If a higher % of liquidity was provided on 1 chain, a higher % of rewards would be allocated to that chain). This would mean 10,000 $DEXTF per day would be released (split 30% for DEXTF/Native Chain Token and, 70% for fund tokens/tokens pair) across all chains and would reward Liquidity Provision proportionally, regardless of chain. This would not increase inflation.
Option 2: Provide 3K $DEXTF per day on the DEXTF/ETH pool and , 3K DEXTF per day on DEXTF/AVAX pool, with 7K per day $DEXTF split up proportionally across all chains for all fund token/token pools (inflation is increased by 30%)
Option 3: Double inflation by providing 10,000 $DEXTF per day on both Avalanche and Ethereum, split 30% for $DEXTF/ETH and 70% for TOKEN/FUND. This would mean a doubling of inflation for a total of 20,000 $DEXTF emission per day, as both Liquidity Mining incentives would run simultaneously.

Happy Voting!

If approved, the change will apply effective 15th Dec 2021.

CONCLUSION

We, therefore, ask the community to VOTE this proposal choosing one of the three options:

Off-Chain Vote

Option 1

1.62M 41.5%

Option 2

2.29M 58.5%

Option 3

0 0%

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Timeline

Dec 12, 2021Proposal created

Dec 12, 2021Proposal vote started

Dec 15, 2021Proposal vote ended

Oct 26, 2023Proposal updated

INTRODUCTION

Given Domani has recently launched on Avalanche and will be deploying on a number of new chains in 2022, this leaves us with a debate around how we should distribute rewards.

Under the ‘solutions’ section, we propose three potential avenues for our liquidity mining program to evolve into. Please look at these carefully as they will impact inflation and distribution.

Objectives:

Incentivizing Domani Protocol fund tokens/tokens pair liquidity pools + DEXTF / native chain token pair liquidity pools fairly.

THE PROPOSAL

Option 1: Domani would aggregate reward distribution across all chains based on the liquidity provided (If a higher % of liquidity was provided on 1 chain, a higher % of rewards would be allocated to that chain). This would mean 10,000 $DEXTF per day would be released (split 30% for DEXTF/Native Chain Token and, 70% for fund tokens/tokens pair) across all chains and would reward Liquidity Provision proportionally, regardless of chain. This would not increase inflation.

Option 2: Provide 3K $DEXTF per day on the DEXTF/ETH pool and , 3K DEXTF per day on DEXTF/AVAX pool, with 7K per day $DEXTF split up proportionally across all chains for all fund token/token pools (inflation is increased by 30%)

Option 3: Double inflation by providing 10,000 $DEXTF per day on both Avalanche and Ethereum, split 30% for $DEXTF/ETH and 70% for TOKEN/FUND. This would mean a doubling of inflation for a total of 20,000 $DEXTF emission per day, as both Liquidity Mining incentives would run simultaneously.

Happy Voting!

If approved, the change will apply effective 15th Dec 2021.