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Spiral DAOSpiral DAOby0x79603115Df2Ba00659ADC63192325CF104ca529Cstarny.eth

Increase COIL staking APR

Voting ended almost 3 years agoSucceeded

Summary: Let's talk about something important — inflation. In the current state of the market our COIL single-staking APR is not enough. The initial 100% APR were a temporary solution of small-inflation and was basically a joke compared to all other OHM-like DAOs. We need to stop this disgrace and get to serious levels of inflation.

Rationale: We propose to increase the COIL single-staking APR from the current rate of 100% to 271.828% for the time being. This increase will apply to all users who are currently staking COIL and those who will stake in the future The APR is subject to change on the future by decision of the community.

The increased APR will help incentivize new users to join our DAO and it's also just a good way to have more COILs for everyone. It's a must-do for us to sustain a high level of POL too. Higher APR will help us remain competitive in the market, which will benefit the DAO in the long run.

Off-Chain Vote

Increase staking APR to 271%
133.71K SPR93.9%
Increase staking APR to 200%
0 SPR0%
Stay at 100% APR
641.83 SPR0.5%
Abstain
8.01K SPR5.6%
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Discussion

Spiral DAOIncrease COIL staking APR

Timeline

Apr 24, 2023Proposal created
Apr 24, 2023Proposal vote started
Apr 25, 2023Proposal vote ended
Nov 05, 2025Proposal updated