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SpookySwapSpookySwapby0x7F750F5f3f9ec31009B0b9a6f7fBDEc55cc183010x7F75…8301

Allocate 10% of xBOO buybacks into POL

Voting ended about 4 years agoSucceeded

Currently, as it stands, the xBOO contract is creating a lot of fees that go entirely to holders, this seems great for investors, but it offers the platform almost 0 value as a long term investment.

Therefore, I propose that 10% of xBOO buybacks will go into the SpookySwap treasury as FTM-USDC LP.

While in the short term it may seem like investors are losing some value, this would in turn improve longevity of the protocol and ensure its survivability through any type of market.

TL:DR Direct 10% of xBOO buybacks into protocol owned liquidity consisting of FTM-USDC, a rotation could also be done every month into other blue chip asset liquidity e.g. FTM-BTC, FTM-ETH, and similar.

Off-Chain Vote

Aye
72.68K 98.5%
Nay
1.1K 1.5%
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Timeline

Feb 24, 2022Proposal created
Feb 25, 2022Proposal vote started
Feb 27, 2022Proposal vote ended
Oct 26, 2023Proposal updated