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Hashflow - Temperature ChecksHashflow - Temperature Checksby0x9DA611df85f50F21C72ea175342ddd6c7E5959170x9DA6…5917

Terminate trading rewards

Voting ended over 1 year agoSucceeded

Simple Summary: Terminate trading rewards.

Abstract: Currently, we distribute 350k HFT monthly for trading rewards. This is pretty solid amount of tokens that can be used in a better way (marketing campaigns, collaborations, etc)

The original idea of trading rewards was to reward community before and after token launch and attract new users. Now it seems to be unreasonable to spend that much tokens for this exact purpose. We could find a better solution for these rewards (to be discussed by community in case this proposal accepted)

Motivation:

Amount is high, rewards distributed widely, based on volume.

Specification & Rationale: See above.

Benefits (Pros):

  • Better utility and distribution for community

Downside (Cons):

  • Large traders will no longer be earning additional rewards

Off-Chain Vote

Yes
17.71K veHFT100%
No
0 veHFT0%
Quorum:177%
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Discussion

Hashflow - Temperature ChecksTerminate trading rewards

Timeline

Jun 17, 2024Proposal created
Jun 17, 2024Proposal vote started
Jun 19, 2024Proposal vote ended
Jun 19, 2024Proposal updated