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InsureDAOInsureDAOby0x79F5Dc19BC96ec1DB776d39535BDe169e67E33f40x79F5…33f4

InsureDAO Improvement Proposal #1

Voting ended almost 4 years agoSucceeded

https://commonwealth.im/voteescrowed-insure/discussion/3947-insuredao-improvement-proposal-1

In order to improve the tokenomics, especially the utility of INSURE and the rewards allocation, this proposal explains what happened so far and what the current problems are, and provides the proposal for the potential solutions for better tokenomics at the end.

In order to create more buy demand for INSURE, prevent users from selling INSURE, and entice more users to provide liquidity on Uniswap, we are proposing 3 potential solutions

Proposal 1. INSURE Permanent Lock Farming to make more incentive to buy and lock INSURE

Proposal 2. New Liquidity Mining on Uniswap V2 to attract more liquidity

Proposal 3. New Rewards Allocation to lower the high inflation on Underwtiting Mining and incentivise users more to either lock INSURE or provide liquidity on Uniswap v2

  • Reward Allocation details Underwriting Farming: 10% (7,671.2 INSURE / day) INSURE Permanent Lock Farming: 30% (23,013.6 INSURE / day) Liquidity Mining: 60% (46,027.2 INSURE / day)

Off-Chain Vote

Yes
44.25K 100%
No
0 0%
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Timeline

Mar 07, 2022Proposal created
Mar 07, 2022Proposal vote started
Mar 08, 2022Proposal vote ended
Oct 26, 2023Proposal updated