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GoldfinchGoldfinchby0x6d8b09Ebcd47489c77F50599C30c6726E38AFF6A0x6d8b…FF6A

Should the participation of Backers in the Staking Rewards be enabled?

Voting ended about 4 years agoSucceeded

After some analysis (Backer APY Model), it became clear that it’s possible in certain states of the Senior Pool for Backers to have lower APYs than Senior Pool Liquidity Providers (LPs). This would break the risk / reward relationship between Backers and LPs, and could effectively block any new deals from happening. To correct this, and to make the decision to be a Backer vs. an LP an easier mental decision, this proposal suggests letting Backers participate in Staking Rewards (SR) liquidity mining (which is currently just for the Senior Pool). This would be in addition to the existing Backer Liquidity Mining that is set to go live very soon. Backer APY Model: https://docs.google.com/spreadsheets/d/15fVbX8IIWe6FiuCWs4uwNW3vP8Hci9jqNbfIEP50MOU/edit#gid=0 Proposal discussion: https://gov.goldfinch.finance/t/backer-participation-in-staking-rewards/682

“Yes” - Enable Backer’s to participate in the Staking Rewards.

“No” - No change

Off-Chain Vote

Enable Backer’s to part. in SR
43.65K 98.7%
No change
569.33 1.3%
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Timeline

Feb 02, 2022Proposal created
Feb 02, 2022Proposal vote started
Feb 05, 2022Proposal vote ended
Oct 26, 2023Proposal updated