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GLMR APESGLMR APESby0x311E36517b6E24C168d2B2A1c36f7BDf905cDa690x311E…Da69

🔥 Change of the BURN/REDISTRIBUTION Ratio

Voting ended over 3 years agoSucceeded

💡 In order to significantly increase the $BANANAS P&E rewards on the next few weeks, we would like to suggest a change of the current BURN (55%) / Redistribution (45%) ratio of the $BANANAS game fees.

🗳 As we're still in V1.0, trying to find the right tokenomics model that would serve our ecosystem best in the long run, we'd like to ask the DAO to grant the core Team the power to change the BURN/REDISTRIBUTION ratio as often as necessary during V1.0 ONLY (until November).

âž¡ Do you agree to grant the Core Team the power to adapt the BURN/REDISTRIBUTION ratio any time they see necessary for the next 10 weeks?

As an example and indication, here is the model we would like to start using from next week.

🚀This model would make weekly rewards significantly more juicy (x3 to x4), while still burning some $BANANAS (although less than in the current model).

Suggested next model:

25% BURN 3.5 % LP rewards 1% to our DAO’s Treasury 2% for the GLMR JUNGLE lottery on Sundays 6% to fund the team’s work 12.5% B.o.B holders 50% allocated to the Prize Pool of week

Off-Chain Vote

I agree
283 GLMA100%
I abstain from voting
0 GLMA0%
I disagree
0 GLMA0%
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Timeline

Sep 06, 2022Proposal created
Sep 06, 2022Proposal vote started
Sep 08, 2022Proposal vote ended
Oct 26, 2023Proposal updated