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Reverse ProtocolReverse Protocolby0x5f8F4F5607462A5F84647302093E784f00154b3E0x5f8F…4b3E

Amend FIRA emissions strategy and sFira lock strategy

Voting ended almost 4 years agoSucceeded

We currently have 250k staked TRANQ earning approx 200% APR. The FIRA and TRANQ emissions make up the bulk of this APR.

To take advantage of the DeFira launch, as per the original proposal, we have been farming with 50% of our FIRA emissions and matching it with TRANQ. We have built a $7k FIRA/TRANQ LP position this way.

We have also been single staking 50% of the sFIRA and the APR on this has dropped significantly to ~70%.

It is proposed that we now use 100% of the ongoing FIRA emissions from both locked TRANQ and LP as treasury revenue to be distributed following the normal treasury revenue allocation - this will increase allocation towards airdrops, buybacks, compounding and LP as normal.

In addition, it is proposed that we begin the unlocking process on 100% of sFIRA going forward, including those currently in single staking.

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Yes
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No
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Discussion

Reverse ProtocolAmend FIRA emissions strategy and sFira lock strategy

Timeline

Apr 24, 2022Proposal created
Apr 24, 2022Proposal vote started
Apr 27, 2022Proposal vote ended
Oct 26, 2023Proposal updated