Background

The team recognizes the importance of community participation in the way the project is governed, even as early as now. We believe anything that affects the community materially should be consulted with the community.

Therefore, we will commence the first community decision with a discussion, and a VOTE on how the distribution of Farm and Staking Pools should be done.

Timeline of Proposal

• Proposal Discussion (here): May 4th to May 6th (3 days)
• Snapshot Block: 7255000 (http://bit.ly/FeederSnapshotFFP1)
• Voting Period: May 9th to May 10th GMT+1 4 AM.

What you need to do

DISCUSS here, debate, suggest, and perhaps we can come to a couple of proposed solutions. (bit.ly/FFP1-Discussio)

Have $FEED in your wallet at the snapshot block, which will be announced, to claim your RIGHTS to vote.

VOTE your choice.

What we'll do:

We'll propose standard options as follow:

• Choice A: Farm 80% / Stake 20%
• Choice B: Farm 75% / Stake 25%
• Choice C: Farm 70% / Stake 30%

We'll also take ALL other suggestions in this discussion and add those as an option to VOTE.

Final thoughts:

The distribution between Farm and Stake plays a very important role in how the liquidity pool behaves. Larger amounts of capital in the liquidity pool allow the pool to have more depth. Thus reducing slippage for all, allows larger capital to come in, and keeps prices more "stable", holding all things equal.

To get to a larger liquidity pool, investors must be "incentivized" for providing liquidity. This is because they face potential IL which is hard to predict. Naturally, Farm typically has higher APR/APY than Staking Pools due to these dynamics.

The downside of distributing too much reward to Farms is the harvesting could also impact the price. Constant selling depresses the price in the short term.

So there is a balance that we as a community need to jointly agree on. This won't be the last decision we'll make together. Let's see how it goes and we're always incredibly flexible and can react to situations if a reaction is warranted. The most important thing is that we stick to our objectives, and that is to create a project that aims to be the "Vanguard" of crypto: Community-driven, passive, long-term, and diversified.