FATExFi: Member Bonus TVL Tier Reward Proposal

Find additional information for this proposal on our substack (or medium) & comment/question in substack/TG/Discord. (https://linktr.ee/fatexdao)

Details of Tier Bonuses:

Members will receive a bonus of their FATE balance in the FATE-USDC pools when we pass the below TVL goals for that pool and take a snapshot.

Until the snapshot is taken please do not remove your staked LP until we announce the snapshot has been taken (we will not be automating this process)

50% - +$50,000

30% - +$100,000

25% - +$250,000

The bonus will go into the vest balance merkle distribution(s), which cannot start until we have a minimum TVL. There will be other proposals soon regarding the distribution related to timing, Harmony’s allocation, etc.

Simplified Example of how this will work:

If you have 10,000 FATE staked in the FATE-USDC pool and keep the FATE in the LP at a balance of 10,000 as we hit the 3 tiers’ goals through $250,000 and have 100 FATE when we take the last snapshot will receive: 10,500 FATE

1. 5,000 FATE

2. 3,000 FATE

3. 2,500 FATE

Reason:

We need members to participate by contributing capital and voting.

This will reward members who are participating in FATExFi.io (MATIC)

The FATExFi tokenomics system is very strong.

The DAO Treasury is not relying on selling FATE to produce capital (see prior posts/official docs regarding our strategy)

Before any vested balance distribution (from Harmony) we need to hit a TVL in the FATE-USDC.