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PiggyBankDAOPiggyBankDAOby0x60e2A70a4Ba833Fe94AF82f01742e7bfd8e18FA0dogudenizugur.eth

Increase rebase rewards in order to attract new investors.

Voting ended over 4 years agoSucceeded

The price of Piggy Bank has been under its backing value for quite some time. This both makes current investors unhappy and bonds unpurchasable because of negative discounts. As a possible solution to this problem, I propose increasing the distribution rate to 1% which will drive up the APY to 5,393,917%. In the best-case scenario, this increase in APY will attract new investors, drive up the value of PB and make the bond purchasable again. This scenario both benefits the protocol and the investors. In the worst-case scenario, which is no new investors getting excited by this APY, this will decrease the time it would take for current investors to get their true share in the treasury.

Off-Chain Vote

Increase reward distribution
4.15K 100%
Keep it same
0 0%
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Timeline

Dec 16, 2021Proposal created
Dec 16, 2021Proposal vote started
Dec 19, 2021Proposal vote ended
Apr 26, 2024Proposal updated