Introducing PanicSwap Improvement Proposal - PIP1

We are very excited to have our governance mechanism live for PanicSwap - for more details please see here: https://medium.com/@thepanicswap/introducing-panicswap-community-governance-c20f004d66f5

This improvement proposal is centred around emissions of PANIC token once we conclude our ‘10 days of Panic’ distribution event. This will coincide with the launch of our next generation Automated Market Maker.

All DeFi users would know that the balance of token emissions is important. This is the delicate balance between incentivising liquidity while still passing value onto holders. As our initial documentation outlines, once our AMM is live, PANIC emitted is vested, while vested it has several value accrual mechanics. Accessing vested PANIC prior to the conclusion of the vesting period, results in a 50% tax. This tax is then rewarded to vested holders, encouraging lockup of tokens and value share to these stakers.

Current PANIC emissions are set at 1 PANIC per block (around 1 PANIC per second, as Fantom blocktime ~ 1 second).

This proposal is for setting PANIC block emission on launch of our AMM to: