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KogeCoinKogeCoinby0x4A170561126a1D765A6B80a081dB639945a8b53b0x4A17…b53b

Replace KogeCoin "Dividends" with Quick/dQuick style vaults

Voting ended almost 4 years agoSucceeded

When KogeFarm was launched, the plan was to give 50% of fees (minus gas fees) as "dividends" to KogeCoin single and LP stakers as a bona fide gift to airdrop receivers.

However, given increased regulatory scrutiny of the defi sector in the US and the sensitive nature of dividends, this may elevate the risk of KogeCoin running into trouble with securities laws, which may preclude exchange listings and prevent our core team members from traveling to key jurisdictions.

This proposal from team is to replace all mentions of "dividends" with a buyback yield in auto-compounded KogeCoin and KogeCoin LP vaults, exactly like Dragon's lair in QuickSwap which has many team members from the US. Hence, the fees originally allocated for "dividends" will instead be used to buy and provide KogeCoin and KogeCoin LP vault stakers with a passive yield.

An additional bonus is that this will provide constant buying pressure from the fees originally allocated for "dividends"!

Off-Chain Vote

Yes
5.98M KOGECOIN96.3%
No
227.28K KOGECOIN3.7%
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Timeline

Apr 16, 2022Proposal created
Apr 18, 2022Proposal vote started
Apr 30, 2022Proposal vote ended
Oct 26, 2023Proposal updated