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GyroGyroby0x1Cded10327121F772E2C1931F852936d2714D9680x1Cde…D968

Dashboard showing running average APY instead of only APY for current epoch

Voting ended about 4 years agoSucceeded

Summary: the APY has been observed to cycle as approximately: 12k -> 4k-> 4k -> 12k -> 40k -> 40k. The proposal is to replace the current APY with an average return reflected as a 6-period simple moving average. The next rebase amount would remain unchanged to accurately reflect the amount an investor would receive in their next rebase.

Motivation: reduce FUD

Specification: Smooth APY using 6-period simple moving average

  1. Pros a. Allows for a gradual change in published APY b. Reduces FUD c. Focuses on longer-term HODL return

  2. Cons a. May confuse investors when rebase amount doesn’t reflect average

Keep unsmoothed APY only (I.e. no changes to current STAKE dashboard)

  1. Pros a. Aligned APY to next rebase yield

  2. Cons a. Continued focus on short term behavior of protocol

Off-Chain Vote

Running average APY displayed
1.15K 40.5%
Keep current APY display system
1.69K 59.5%
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Timeline

Nov 22, 2021Proposal created
Nov 22, 2021Proposal vote started
Nov 25, 2021Proposal vote ended
Oct 26, 2023Proposal updated