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GLMR APESGLMR APESby0x311E36517b6E24C168d2B2A1c36f7BDf905cDa690x311E…Da69

BURN/REDISTRIBUTION RATIOS for V1.0

Voting ended over 3 years agoSucceeded

💡 The core team would like to take V1.0 of the greatescape as an opportunity for trial and error.

💎 We'd like to get the $BANANAS tokenomics right and manage to make the token deflationary by Burning a significant fraction of the tokens collected each week through the game fees.

🍌 As we currently have about 900 GLMR APES staked and expect to have this number remain roughly the same, we currently create about 6,300 new $BANANANS tokens each week.

🔥 In order to create deflation, we'd need to burn more than 6,300 $BANANAS per week.

📋 To achieve, this, the core team created 6 different models of redistribution/burn from the $BANANAS fees collected each week, ranging from the most aggressive to the most lenient burn ratios.

👀 Check them here : https://docs.google.com/spreadsheets/d/1w3srsceNkc9BvWT3xatOTvMZGL7-a-VS35aXNv14OcY/edit#gid=1200377643

🔥 Aggressive 2 with a 55% burn ratio, meaning that we'd need to collect a total of at least 11.455 $BANANAS per week to create deflation.

💥 Aggressive 1 with a 51% burn ratio, meaning that we'd need to collect a total of at least 12.353 $BANANAS per week to create deflation.

🆗 Average 2 with a 48% burn ratio, meaning that we'd need to collect a total of 13.125 at least $BANANAS per week to create deflation.

➡️ Average 1 with a 45% burn ratio, meaning that we'd need to collect a total of 14.000 at least $BANANAS per week to create deflation.

😎 Lenient 2 with a 43 % burn ratio, meaning that we'd need to collect a total of 14.653 at least $BANANAS per week to create deflation.

☮️ Lenient 1 with a 40 % burn ratio, meaning that we'd need to collect a total of 15.750 at least $BANANAS per week to create deflation.

💡 The idea would be to apply first the most aggressive model ( aggressive 2)and then to move on to Agressive 1.

✅ If we still witness 2 consecutive weeks of deflation with the model aggressive 1, we'll then apply the average 2 model and so on.

🔥 The idea is that we'd need two consecutive weeks of deflation before moving to a less aggressive model.

🤯 The more aggressive the model is, the less $BANANAS will be redistributed to LP providers, GLMJ holders and players of the great escape.

However, having too much inflation of the $BANANAS supply would also be very bad for all the token holders.

🛠️ That's why we'd like to move incrementally towards more and more redistributive models, but only as long as we can avoid creating inflation.

🗳 Do you agree to start using the model " agressive 2 " for the redistribution/ burn ratio at the launch of V 1.0 ? Do you also agree to apply a less agrressive model only if we manage to create deflation for 2 weeks in a row?

Off-Chain Vote

I support this proposal
218 GLMA100%
I abstain
0 GLMA0%
I don't support this proposal
0 GLMA0%
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Timeline

Jul 05, 2022Proposal created
Jul 05, 2022Proposal vote started
Jul 07, 2022Proposal vote ended
Oct 26, 2023Proposal updated