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FHM DAOFHM DAOby0x00E9fbb12F6B0325CDf29D93Be33f393556e5Fdd0x00E9…5Fdd

Wrapped Staked FantOhm (wsFHM)

Voting ended about 4 years agoSucceeded

Wrapped Staked FantOhm (wsFHM) would attract more investors to FantOhm Challenge: In various countries, staking rewards are considered to be liable to income tax (UK, Germany, etc.). By staking FHM and receiving sFHM, investors are confronted with heavy tax consequences and therefore may hesitate to invest into FHM and stake sFHM. Example: In Germany personal income tax rate can be as high as 45% https://taxsummaries.pwc.com/germany/individual/taxes-on-personal-income So almost half of all earned interest/yield/rewards has to be paid as taxes! Solution: A wsFHM token (wrapped staked FHM) would accumulate the rebase value of FHM without rebasing. HectorDao for instance as done this strategic move already with proven success and to the benefit of investors based in such countries. https://medium.com/@HectorDAO/introducing-wrapped-staked-hector-wshec-f84cf8d64928 Summary: It is very likely that our FantOhm community would benefit from such a strategic move as well. Wrapped Staked FantOhm (wsFHM) would definitely attract more investors from such countries to FantOhm.

Off-Chain Vote

Yes
4.15K 91.3%
No
397.49 8.7%
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Timeline

Dec 02, 2021Proposal created
Dec 02, 2021Proposal vote started
Dec 11, 2021Proposal vote ended
Oct 26, 2023Proposal updated