[DOMANI-4] Remove Liquidity Mining Rewards

Overview

This proposal seeks to remove the liquidity mining incentives on both Ethereum and Avalanche, effective from 1st October 2022.

The objective of distributing rewards is to promote and attract liquidity and incentivize holding of tokenized portfolios.

The rewards on both Ethereum and Avalanche have not pulled in additional liquidity, instead exarcerbated the downward pressure on the token.

Market condition certainly did not help, but a sound and robust tokenomics should also work under extreme stress.

Please note that regardless of the proposal outcome, staking rewards will continue as currently planned.

More announcements will follow! We're excited for what comes next.

The proposal is open for voting from 29th September 2022, 10pm GMT+8 to 2nd October 2022, 10pm GMT+8.

Voting Instructions

• FOR: Remove the liquidity mining incentives on both Ethereum and Avalanche, effective from 1st October 2022.

• AGAINST: Do nothing.