**REVIEW OF UPONLY POL BURNING 33% OF REWARDS IN EQUAL**
Current state:
Currently UPONLY POL is burning 33% of its rewards in EQUAL. This does not seem to do a lot for both communities. I would like to review this and give the EQUAL thats being burned a better purpose.
Proposed solution:
Instead of burning the EQUAL I would like to suggest to lock the EQUAL into a new veNFT never to expire. It would sit in the new UPONLY multisig same as the POL. The veNFT will then vote every week on the UPONLY/EQUAL LP. All rewards earned from this will then be bribed back to the LP. Giving the pool more 'free votes' weekly and also giving it an extra bribing oppertunity.
The other 33% would still go to burning UPONLY and the 34% to bribing the UPONLY/EQUAL LP as usual.
—
Vote options:
-
Voting YES and commit to EQUAL to the veNFT as stated above
-
Vote NO to the proposal
Off-Chain Vote
Voting YES and commit to veNFT
22 EQPS100%
Vote NO to the proposal
0 EQPS0%
Timeline
Jul 15, 2024Proposal created
Jul 15, 2024Proposal vote started
Jul 17, 2024Proposal vote ended
Jul 18, 2024Proposal updated