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EDE (El Dorado Exchange)EDE (El Dorado Exchange)by0xcFb52b99401d8F981EEc7212fDE684bEA26E2fA10xcFb5…2fA1

Community proposal from "Richard V#8778": readjust the ARB chain emission daily

Voting ended almost 3 years agoSucceeded

Proposal: ARB chain emission daily

-EDE LP: 1000 aEDE -ELP1: 500 aEDE -ELP3: 500 aEDE -Trade incentives: 8000 aEDE

-gEDE: 2000 EDE

Total: 10000 aEDE & 2000 EDE

Why? EDE LP pros: ✅ Half exposed to EDE token ✅ SWAP fees ✅ No lock time

EDE LP cons: :DOWN: Impermanent Loss :DOWN: Tank the other rewards daily

ELP1 & ELP3 pros: ✅ Exposed only to blue chips + stables (not affected by EDE price) ✅ Leverage trading fees ✅ Loss from traders (most common scenario) ✅ Earn aEDE ✅ No lock time

ELP1 & ELP3 cons: :DOWN: When traders profits more than average losses (not common)

Traders pros: ✅ Exposed to their own trades only ✅ Good aEDE incentives ✅ Probably lowest fees on perpetuals out there

Traders cons: :DOWN: Liquidations and bad trades

gEDE pros: ✅ Governance rights ✅ Leverage trading fees ✅ Earn EDE

gEDE cons: :DOWN: 100% exposed to EDE :DOWN: Long lock time for good rewards :DOWN: Tank the other rewards daily Clearly the safest investment is ELP, over rewarding it is now bearish for the EDE token.

So we need to incentivize risky options a little better to increase the value of the token.

Increasing Trade2Earn was a great idea, now we need to make a flywheel: If those who buy EDE are incentivized a little better (and are the ones who raise the price) the other rewards will automatically be better for the increase in the EDE price, which will bring more liquidity and volume (which leads to more fees collected).

In short, it is better for ELP to receive less aEDE if it drives the price up. It is better for gEDE and LP EDE to receive more EDE so that the demand for the token increases.

Off-Chain Vote

Y, mks sense; proceed
19.36K gEDE4.9%
N, need more discus.
373.06K gEDE95.1%
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Timeline

May 03, 2023Proposal created
May 03, 2023Proposal vote started
May 04, 2023Proposal vote ended
Oct 26, 2023Proposal updated