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SpookySwapSpookySwapby0xA9497FD9D1dD0d00DE1Bf988E0e36794848900F90xA949…00F9

Proposal to Increase XBOO rewards to .05% from .03%

Voting ended over 4 years agoSucceeded

I propose that we increase the XBOO rewards to .05% from .03%. This would increase the value of staking $BOO outside of the liquidity pool, leading to increased value for stakeholders. This would likely have a positive impact on the price of BOO, which in turn would have the indirect benefit of increasing the value of reward incentives to liquidity pools, leading to a positive feedback loop of increased TVL growth and volume.

Relative to most decentralized exchanges, Spookyswap already charges a very low fee to swap of only 0.2% when most major dexes have a 0.3% fee. Personally, I can attest to the fact that the cost of trading using a dex is far more affected by the liquidity of the dex than the swap fee. Increasing the swap fee by this small increment(To 0.22% from 0.2%) could lead to greatly increased TVL growth, which would bring down the overall cost of swapping, especially for larger traders, all the while increasing profits for stakeholders. It's a win-win.

Off-Chain Vote

Increase XBOO rewards to .05%
1.65M 99.9%
Keep XBOO rewards at .03%
1.63K 0.1%
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Timeline

Sep 07, 2021Proposal created
Sep 08, 2021Proposal vote started
Sep 15, 2021Proposal vote ended
Oct 26, 2023Proposal updated