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Polis DAOPolis DAOby0xeD86b5962a1a73aFad7181f0B3e427A93Ce8E5520xeD86…E552

Binance Smart Chain Rewards Increase

Voting ended over 4 years agoSucceeded

Hello Polis Community.

Right now the Polis emission model is planned to make sure we have more than 10 years of incentivization for validators in our native blockchain.

This process was calculated and discussed with the DAO a lot.

Since Hades Swap (the exchange with more liquidity to buy Polis) is not yet listed in CoinMarketCap or CoinGecko we need to bring more attention to the PancakeSwap pool and our Binance Smart Chain presence.

Because of the lack of liquidity in the PancakeSwap POLIS/BNB pools, we have seen a lot of impact on buys and sells and a lot of activity for front-running bots.

Right now, the Binance Smart Chain staking contract is giving a total of 0.0128 POLIS for each block (a total of 2,580 Polis p/week for the POLIS/BNB liquidity providers).

To prevent further issues and make sure new users have a smooth entrance to the PolisChain I want to propose the following:

Remove rewards for the POLIS/BNB liquidity providers. Create rewards for the POLIS/DAI pair in PancakeSwap. Increase rewards for the POLIS/DAI pair liquidity providers to 0.128 POLIS p/block.

All the information is verifiable in the following links:

https://bscscan.com/address/0x036db579ca9a04fa676cefac9db6f83ab7fbaad7#readContract https://vfat.tools/bsc/polis/

Off-Chain Vote

Approve rewards increase
1.65M 91.8%
Do not increase rewards
146.57K 8.2%
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Timeline

Nov 26, 2021Proposal created
Nov 26, 2021Proposal vote started
Dec 03, 2021Proposal vote ended
Oct 26, 2023Proposal updated