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SAKEVOTERSAKEVOTERby0xB67587B266206D646DA7FB000a4198f0933650EE0xB675…50EE

C-SIP-03 Should we proceed with the following Moonbase proposal?

Voting ended over 5 years agoFailed

Should we allocate 5M Sake (subject to price targets and 1yr vesting) from the community treasury towards a Moonbase rover as part of our marketing efforts to revive the price of sake and bring sakeswap to the masses?

How would this work? 5M Sake will be LOCKED into a rover contract. At certain price thresholds, the maximum amount of vested sake that can be sold by the rover increases. But if these price thresholds are never hit the Sake would essentially be locked in the rover forever - tantamount to BURNING IT. Only the initial 500k of Sake would not be subject to any price targets. So based on our proposed price release schedule, if the price of Sake never passes $0.10 then the remaining 4.5M sake can never be sold - basically LOCKING it out of the market forever. If the price only reaches $1.00, then up to 1.5M Sake can be sold if the 1yr vesting timeframe has passed. If Sake hits $1.00 one month since rover deployment only 1.5M/12 or 125K Sake can be sold.

Basically, before any Sake can be sold by the rover, it must first check the price of Sake to see what the max sellable amount of Sake is according to the price release schedule + vesting schedule.

For simplicity, we can just use the current price of Sake from the SAKE/USDT pool. Ideally we would use a 7 day price avg for the price threshold, however if doing so requires introducing too much smart contract complexity we are okay using just the current price of Sake as the price threshold.

The link below contains the price threshold vesting schedule: https://cdn.discordapp.com/attachments/750958406747160707/765981327404433458/image0.png

Off-Chain Vote

Yes - We need to do marketing!
0 0%
No - I like seeing sake fail
0 0%
No - This is a bad idea
0 0%
No - It is too much
0 0%
No - I don't trust it
0 0%
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Timeline

Oct 15, 2020Proposal created
Oct 15, 2020Proposal vote started
Oct 16, 2020Proposal vote ended
Jan 23, 2024Proposal updated