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PlanetPlanetby0x210c58c02984303Fe9E1494E8798c5BbA1b4E94B0x210c…E94B

AQUABoost

Voting ended about 3 years agoFailed

Thanks to AQUA holders Planet will be working on the compensation plan to reimburse people affected by Terra/Luna fiasco. This proposal is to implement AQUABoost as part of the compensation solution.

Initial utility would be to allow people to get reimbursed quicker if they hold AQUA in the infinity vault and therefore care more about Planet long term.

The idea is to have AquaBoost factor, similar to GammaBoost which proves to be very appealing and creating buying pressure on the token.

This should create new utility and add buying pressure on AQUA, also would be a good base for futher AQUA utility expansion.

Details like boost % to be decided/expanded by Planet staff, this is to get initial driver for that feature.

Outcome:

  • Universal AQUAboost solution designed, documented, implemented and ready to be used
  • Compensation solution will use it when its out
  • AQUABoost % will be defined by the team. (Preferred 50%/50% split, where 50% of designated fees is distributed to every wallet and the remaining 50% distributed to aqua holders based on their AQUA holding)

Off-Chain Vote

Yes, lets create AQUAboost
21.21K AQUA64.3%
No
11.78K AQUA35.7%
Quorum:92%
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Timeline

Nov 03, 2022Proposal created
Nov 03, 2022Proposal vote started
Nov 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated