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PlanetPlanetby0xCb175Bfd5BcE9B10470062E73B68a78D6E5893Fd0xCb17…93Fd

Plan: “Fountain of youth”

Voting ended about 4 years agoSucceeded

Aims:

1. Do something beneficial while waiting for PF V2 (we need a bit of hype now to gain more time to develop the whole ecosystem)
2. Create a new marketing weapon
3. Create a bunch of GAMMA authomatically “locked” but not burnt
4. Give another wonderful use case for AQUA
5. Lowering of GAMMA-BNB slippage immediately (we need big boyz placing big purchases in the short period also)
6. Create an embryo of Protocol Owned Liquidity, which is used to premiate long time AQUA holders

Assumptions:

1. Planet Finance is here to stay, we want a life income
2. To simplify price and % of earnings are calculated grossly (but here is not a matter of numbers, is more a matter of mechanism)

Plan:

1. Create a Protocol Owned position in GAMMA-BNB pool using 200k taken from the Treasury (however 70k are in GAMMA already)
2. One time for month move half of the earnings to a Protocol owned GAMMA single Vault, use the other half for marketing purposes.
3. Continue doing point 2 for one year, in the meanwhile let GAMMA single vault earnings autocompound.
4. After one year, take out all the GAMMA from the Vault, change half for BNB and add all to the preexisting LP, start sending GAMMA-BNB earnings to long time AQUA holders like a Premium earning.   

(NB: numbers and strategies can be changed, core mechanism has to be mantained. Treasury have also to substain BNB fee costs, which are unsignicant anyway.)

Beneficial Effects:

• SHORT PERIOD: Easily expendible on Marketing side; auto-generate monthly funds for Marketing; lower slippage on GAMMA-BNB couple to make things easier for whales; Progressive amount of GAMMA “locked”; New Use Case for AQUA.
• LONG PERIOD: Create an embryo of Protocol own liquidity; Premium Income for long time AQUA holder  

Criticality:

1. Human operations required (there is not time to code it, we could think about a multi key wallet, involving our more trusted community members; but, people, if we invested here we already trust PF)
2. GAMMA Infinity Vault required (but we can also begin with normal GAMMA vault and than pass to Infinity Vault when available)
3. We need to create a coded system for AQUA holders Premium Rewards, there is one year of time to do it (maybe it could be involved in the process to take bribing system on PF)
4. Due to being a low budget investment, it needs time to generate significant financial effects
5. In the short period dry funds from the Treasury 

(remeber that strategies and numbers can be changed; price and percentage of rewards are considered fixed, what could it happen if after 3 Months=GAMMA 3x and BNB 1,5x?)

I apologize if my English is not perfect.

Off-Chain Vote

yes, I like this Plan
687.41 10.5%
no, I don't like it
5.88K 89.5%
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Timeline

Mar 01, 2022Proposal created
Mar 01, 2022Proposal vote started
Mar 21, 2022Proposal vote ended
Oct 26, 2023Proposal updated