Empowering Hakka Farmers: A Strategic Token Supply Adjustment for Sustainable Growth and Inclusive Participation

Dear Hakka Finance DAO members,

We would like to present a transformative proposal that aims to empower our valued, loyal, and patient farmers. Our proposal centers around a carefully calculated increase in the HAKKA token supply through a one-time minting process. This strategic adjustment is necessary for the maintenance of everything related to the DAO and its ecosystem products (like farming rewards, but not only), as well as some surprises for our community!

Currently, the HAKKA token supply stands at approximately 538,838,168 tokens after lockup and burn. The intrinsic value of this supply, composed of various assets like ETH, MKR, USDC, etc., amounts to approximately US$956,086 at current valuation at the time this proposal is being written (late July 2023). Based on this approximation, US$1 is approximately equivalent to 563 HAKKA.

Therefore we propose to mint approximately 55,000,000 additional HAKKA tokens. That amount roughly equals approximately 10% of the current supply. As a result of this minting, US$1 would be approximately equivalent to 621 HAKKA, and each HAKKA holder would proportionally own fewer assets from the Guild Bank (~-10%). However, this reduction would be offset by the enhanced farming rewards of the most loyal users and stakers,.

Without the minting of these tokens, one consequence, among others, would be insufficient farming rewards left for our community, making this measure crucial to maintaining an attractive ecosystem. We are also on the verge of launching new major products in the future this year, which might require some HAKKA supply to generously reward loyal members of our community.

The question you have to answer is: Should the Hakka Finance DAO proceed with the token minting mentioned above?

Your active participation in the voting process is of utmost importance, as it will determine the future direction of Hakka Finance. We have exciting projects in the pipeline, and together, we can uphold our ethos of transparency, innovation, and community-driven progress.

Join us in shaping a brighter future for Hakka Finance!

With gratitude and anticipation, The Hakka Finance DAO Team