• © Goverland Inc. 2026
  • v1.0.3
  • Privacy Policy
  • Terms of Use
Rari Capital DAORari Capital DAOby0x7eD52863829AB99354F3a0503A622e82AcD5F7d30x7eD5…F7d3

Continuously stake protocol controlled ALCX to generate extra reserves and fees

Voting ended almost 5 years agoSucceeded

Summary: Stake protocol controlled ALCX to generate extra reserves and fees.

Background: Governance is now in control of 31 ALCX in reserves and 10 ALCX as fees.

Abstract: We should stake all of this ALCX (41 in total) as to ensure we aren't diluted via inflation and earn the protocol even more fees and reserves. We should continuously stake any additional protocol controlled ALCX as we accrue it.

Motivation: This would grow our protocol's fee holdings and reserves which allows us to pay for more audits, developers, etc and growing our reserves allows us to protect our DAO pools in the event of insolvent users or liquidation failures.

The ALCX staking APR is around 290% right now which I would argue is enough to outweigh the risk of smart contract failure in the staking pools.

With our current holdings of around $74k worth of ALCX we would be earning more $14k a month by staking!

For: Stake all protocol owned ALCX & continue staking newly accrued ALCX in the future Against: Do nothing

Off-Chain Vote

Stake ALCX
323.78K 95.5%
Do nothing
15.32K 4.5%
Download mobile app to vote

Timeline

Apr 06, 2021Proposal created
Apr 07, 2021Proposal vote started
Apr 09, 2021Proposal vote ended
Oct 26, 2023Proposal updated