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Growing DAOGrowing DAOby0xedaEa33cE6b7039Cc7D586DaEEacdf002fa824f90xedaE…24f9

Proposal to update the Performance Reward mechanism for single asset pools.

Voting ended over 4 years agoSucceeded

Given the recent market situation, the price of the GROW token has become lower than the performance fee at the current Performance Reward rate (3 / 4.5 GROW per BNB contributed).

We propose to update the Performance Reward mechanism for single asset pools. The new Performance Fee mechanism takes 30% of the profit to buy GROW from the market and returns 80% of the GROW token purchased to the contributor and 20% to the GROW staking pool.

This change will help to support the price and liquidity of the GROW token. It will also reduce the emission of GROW and give more return to investors in compression to the current mechanism.

Off-Chain Vote

Yes. Update to the new mechanism
3.29K 97.5%
No. Keep the current mechanism
83.68 2.5%
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Timeline

Jun 29, 2021Proposal created
Jun 29, 2021Proposal vote started
Jun 30, 2021Proposal vote ended
Oct 26, 2023Proposal updated