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FHM DAOFHM DAOby0x3381e86306145b062cEd14790b01AC5384D23D820x3381…3D82

FIP-0006 Protocol Sustainability Proposal - Staking Amendment II

Voting ended over 3 years agoSucceeded

As FHM moves away from the current inflation rate, we have implemented changes to shift to a more deflationary model. The next phase of APY structures will further assist in solving FHM's current supply difficulties while delivering value to investors based on the merit of their commitment in time.

This will allow for price stability and appreciation when taken in conjunction with the highly adaptable structure of USDB's long term growth model. Currently, we are in a building phase and propose a move towards conservative APYs to enable long-term growth and sustainability. USDB's ability to maintain its peg while others failed is a testament to its sustainability and growth. We plan and continue to work for our FHM family to make this a long term success

As more products are soon to be released, the profits of which will be used to purchase and burn FHM, we propose the following supplemental changes to the FHM protocol's staking:

Normal staking 1% APY 90 days 120% starting APY 180 days 500% starting APY

Please cast your vote accordingly with regards to be above mentioned proposed locking periods and their respective APY's

Off-Chain Vote

Yay
246.82K sFHM91.5%
Nay
22.8K sFHM8.5%
Download mobile app to vote

Discussion

FHM DAOFIP-0006 Protocol Sustainability Proposal - Staking Amendment II

Timeline

May 23, 2022Proposal created
May 23, 2022Proposal vote started
May 25, 2022Proposal vote ended
Oct 26, 2023Proposal updated