Currently, we are sitting at less than 2 million $ELP-1 and we need to deepen our liquidity pool. Rather than looking to increase emissions of $aEDE to attract more $ELP, we have another idea that will cause non-dilutive sell pressure and be able to attract more $ELP.
Using our DAO treasury allocation that we are staking per day, we would like to propose the the tokens we are staking for $EDET accumulation to be used to provide an alternative staking incentive for $ELP to receive $EDET.
Basically, the idea is we would release a new staking contract that enables $ELP stakers another option to stake their $ELP to receive $EDET rather than $aEDE.
The $EDET we are hoping to give this new contract is roughly 0.1-0.2 $EDET per day. No changes would be made to the current $aEDE emission rate, we are just proposing introducing another option for staking $ELP for $EDET rewards.
Note: $ELP-3 is not included in this proposal, this proposal is only looking at $ELP-1.
Option 1 Approve the use of the staked DAO tokens (300k Arb & 150k BNB chain) to use as fuel for the $ELP $EDET staking pool, a separate staking option for $ELP to gain $EDET rewards.
Option 2 Approve the use of the staked DAO tokens (300k Arb & 150k BNB chain) to use as fuel for the $ELP $EDET staking pool, a combined staking option with the current $aEDE rewards that will also get $EDET rewards.
Option 3 Re-discuss proposal with community.
Option 4 Reject proposal.