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HyperJump - Fantom ChainHyperJump - Fantom Chainby0xA40Cad1714212C7620BbC46D1d559E48b890a1370xA40C…a137

Dual Rewards Adjustment Proposal

Voting ended over 4 years agoSucceeded

HyperJump Mech Staking program is a difference vs other projects out there, though there are currently a couple of issues that have been raised in community and DAO that need to be voted on.

First, the community has raised that having auto earning for ORI/ ALLOY in Mech Staking is causing a constant sell pressure on ORI/ ALLOY tokens. Currently, there are 20% emission going towards these rewards for Dual Staking. Second, the DAO feels that the dip in token prices and interest doesn't suit functionality of Dual Staking and it is indeed creating sell pressure.

So, all that said, we would like to offer the choices that will reflect 3 approaches.

Option 1: No Change - Dual Rewards for Mech will continue. Option 2: Full Burn - ORI/ ALLOY emissions will be reduced by 20% and weekly burns will be done. Option 3: Part Burn, Part Lottery Rewards - Emission will be reduced but some rewards will be injected in lottery.

NOTE: Dual Staking will be introduced later with a new mechanism in Mech Staking v2.

Off-Chain Vote

No Change
2.83K 0.2%
Full Burn
977.37K 80.9%
Part Burn, Part Lottery Rewards
228.63K 18.9%
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Timeline

Jul 20, 2021Proposal created
Jul 20, 2021Proposal vote started
Jul 25, 2021Proposal vote ended
Oct 26, 2023Proposal updated