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Donut DAODonut DAOby0x2A043F315F24762937CBCf0EB6CB313a43bDE5340x2A04…E534

[Governance Poll] Reallocate the 77K Donuts from the bonus to posts by receiving tips, to other categories within the distribution formula, including liquidity incentive rewards

Voting ended almost 2 years agoSucceeded

Current situation With the new voting system, comment-to-vote (users tip others to "upvote", rather than using Reddit's native upvote system), on the way, users will be using the !tip command to "upvote." As a result, the rewards for receiving tips on posts will be massively decreased, since tipping will drastically increase as it will be used to upvote/reward content.

Problem The ratio for the bonus to posts by receiving tips will be significantly reduced, making the rewards from this bonus insufficient/irrelevant for OPs, because everyone will tip to upvote.

Solution To make better use of these funds, ensure they have a more significant impact within the DAO, and to simplify the distribution formula, I recommend reallocating the 77K Donuts as follows:

17K to Sushi.com’s liquidity pool on Arbitrum. This matches the previous rewards boost proposal (33K), bringing the total monthly incentive to 150K Donuts.

60K split equally between posts and comments. Increasing the rewards for both posts and comments will incentivize more quality content and engagement, especially under the new voting system.

Advantages Increased bonus for liquidity providers. This would encourage more people to provide liquidity, which strengthens the ecosystem.

Increased ratio for posts and comments. This would motivate users to create more high-quality content and engage in comment sections more actively.

Balanced, healthy, and simplified distribution formula. Under the new comment-to-vote system, this reallocation would maintain a balanced reward distribution, ensuring contributors are rewarded for their submissions.

Disadvantages No more bonus for receiving tips. Users would no longer receive additional rewards specifically for receiving tips. The reduction would be minimal, compared to the potential earnings if the funds are reallocated to posts and comments.

Conclusion With this proposal, we can ensure that the funds are used more effectively within the ecosystem.

This reallocation would improve liquidity incentives, along with the rewards for posts and comments, ultimately promoting a more active and engaging community.

While we lose the specific bonus for receiving tips, the overall impact on the ecosystem would be positive under the new comment-to-vote system.

The choices are:

[YES]

[ABSTAIN]

[NO]

Off-Chain Vote

Yes
8.16M DONUT51.4%
Abstain
7.16M DONUT45.2%
No
544.25K DONUT3.4%
Quorum:353%
Download mobile app to vote

Discussion

Donut DAO[Governance Poll] Reallocate the 77K Donuts from the bonus to posts by receiving tips, to other categories within the distribution formula, including liquidity incentive rewards

Timeline

May 25, 2024Proposal created
May 27, 2024Proposal vote started
Jun 01, 2024Proposal vote ended
Jun 01, 2024Proposal updated