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KogeCoinKogeCoinby0x008C3Eb2cFD1F9AB110485C75feA549926f28B470x008C…8B47

Profit Sharing Revision - Include LP stakers

Voting ended over 4 years agoSucceeded

On July 21st the profit sharing proposal passed with 55% voting for it as is, and 43% voting for it seeking additional refinement. This and subsequent proposals are an attempt to address the 43% that wanted changes to the proposal. See link below for original proposal.

https://vote.kogecoin.io/#/kogecoin.eth/proposal/QmdMFXFQEHqnwbsxkaHoM6jZ7hk4MkTRS9qjMNkCiPzwLG

Based on discussion with the community, the following question was brought up. Since the original proposal only mentioned koge stakers, doesn't it make sense to include lp providers as well in profit sharing? If so, is their percentage of the revenue sharing pool weighted as is currently is in the DAO? Currently the DAO counts 5 ways of having vote power.

  1. Kogecoin (wallet) - 1 vote per Kogecoin
  2. Kogecoin (staked) - 1 vote per Kogecoin
  3. Kogecoin LP (wallet) - Roughly 2X per Kogecoin (wallet) @ (200000 votes per LP token)
  4. Kogecoin LP (staked) - Roughly 2X per Kogecoin (staked) @ (200000 votes per LP token)
  5. Kogecoin (auto-compounding) - (vKogeKoge) * ~1.38

Only staked koge would receive profit sharing revenue, so this automatically removes 1 and 3 (the wallet options). Do we keep the vote weights in the DAO for profit sharing, or just say a koge is a koge is a koge and the percentages are all equal?

Off-Chain Vote

Yes, keep voting weights
1.4M 88.2%
No, only # of koge counts
186.88K 11.8%
Other, I'll explain in telegram
0 0%
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Timeline

Jul 22, 2021Proposal created
Jul 22, 2021Proposal vote started
Jul 27, 2021Proposal vote ended
Oct 26, 2023Proposal updated