Volume Mining: Haze Finance 2.0

Hi Haze community members,

I would like to make a proposal to upgrade Haze Finance to 2.0 again which was proposed by Haze Finance team few weeks ago (and didn’t pass unfortunately). In the upgraded Haze Finance, there will be two major changes taking place :

1. Volume Mining
2. DEPT For more details regarding these two newly added features please refer to this Medium article here: https://hazefinance.medium.com/introducing-haze-finance-2-0-worlds-first-decentralized-privacy-tokens-protocol-f04a3e7898a1

Since this is quite a lot of changes, the upgrade will be split into two parts, first Volume Mining, then DEPT. So this governance proposal is ONLY voting for whether or not to pass Volume Mining, not for the passing of DEPT (DEPT voting will take place in a separate governance proposal).

And here are the proposal details:

I propose to finish the entire Volume Mining in the duration of 4 years. In order to do this, Haze Finance team will have to increase the current max HAZE supply. Currently, it is capped the HAZE tokens supply at 1 million tokens maximum, which is not enough for Volume Mining. Therefore the Haze team will have to mint more HAZE tokens.

I understand some of you don’t like to increase the max supply because you think the value of what you hold will decrease... really? It’s been like a dead for more than a month, and the price/value is not going anywhere; stuck at the dead bottom.

What we need to do now is change the momentum by attracting a lot more people to the mining, then the protocol will be able to payout the rewards to the staking which will bring more people!

Since I decided to make a proposal and try to give a kick start to our Haze project, I carefully thought how much extra mint would be good to attract more people weather the Haze price low like now (not many participants) or high (a lot more participants) in the future.

Here are the options for Haze community members to choose from:

1. No, don't do Volume Mining

2. Yes, mint 5 million extra HAZE (this means Volume Mining will give out 3425 HAZE per day as rewards)

Thank you all.