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Multi-Token Farming

Voting ended about 2 years agoSucceeded

This has been previously discussed on a smaller scale in the telegram group, however I believe making a vote for this could be beneficial to gauge exactly how many people would like this.

The idea behind this proposal is that $RPG can level up its potential by implementing some sort of multi token farming, basically just a basket of tokens farmed at once.

To avoid complicating it, we could keep it down to 3 tokens at once. I have come up with two ways this could be implemented:

First Method

When the auto claim happens, the reward value is distributed evenly on each of the tokens (so a 0.25 AVAX reward would be for 0.08 each token).

If possible, holders can also claim all their rewards in one token by visiting the website (perhaps make containers for each token and a CLAIM button under each), and pay the gas fees themselves.

With this, all tokens are earned relatively fast, however at the cost of x3 the normal gas fees (one for each token), and the rewards are a small fraction, meaning it will take time to be meaningful.

Second Method

This is one may be technically difficult (I'm unaware how the code functions), but if we pull it off it will be the greatest solution. It would function as a simple cycle, where it moves on to the next coin in a loop after the reward is claimed.

I.E first 0.25 AVAX is sent in $COQ rewards, next is sent in $WOLF, then $KIMBO, and then it reloads back to $COQ.

This gets rid of the two cons in the previous method, where the rewards will still be somewhat significant and the gas fees will not be multiplied.

Overall pros and cons

Regardless of which method we choose, there are some shared pros and cons to this. All that I can think of are discussed below:

Pros:

  • A wider circle of influence and a stronger(?) narrative: Instead of sticking to one token for a while, we can pool in investors from multiple communities at once. It will make RPG even more valuable as it will diversify your portfolio more efficiently.
  • More stability in our choices: Picking 3 tokens per cycle will make more people happy as they're more likely to get their coin chosen. Picking 1 token has been a problem in the past as a lot of people found other tokens to be more worthy. This wouldn't have been an issue if there was room to farm all at once.

Cons:

  • Rewards will be less significant overall, as they will be spread across multiple tokens instead of pooled in 1.
  • May backfire; If someone held $RPG only to collect $COQ rewards for example, they will be against some other random coins pooling into their wallets. However those same people would've left anyway once the rewards eventually switched, so I'm unsure how much of a problem it is.

More pros and cons that I've missed can be discussed in the telegram channel, any input is welcome!

Off-Chain Vote

Implement Method 1
228.98B RPG6%
Implement Method 2
168.35B RPG4.4%
Farm one token at a time
3.41T RPG89.6%
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Timeline

Dec 30, 2023Proposal created
Dec 30, 2023Proposal vote started
Jan 02, 2024Proposal vote ended
Jan 02, 2024Proposal updated