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Stacker VenturesStacker Venturesby0xC77c0e37cA5EC76d25C853F7e8D71E6C535d80480xC77c…8048

Should STACK rewards for SVC001 liquidity be revised down to 5,000 STACK over the course of a year?

Voting ended almost 5 years agoSucceeded

Fund 1 will soon issue SVC001 tokens to participants that represent each investor's proportional claim on the fund's assets.

Being ERC-20 tokens, SVC001 tokens will be tradeable and transferable. In order to support liquidity for these tokens, we originally thought 20,000 STACK in rewards could be a good number to put towards SVC001 liquidity. However, this was before the project expanded to offer additional funds and yield opportunities outside of Fund 1. In light of this, current STACK rewards should be allocated judiciously.

Having some liquidity to allow people to exit or enter Fund 1 would be beneficial to investors and help value the fund. However, arbitrage based on NAV of the fund should provide some valuation and having deep liquidity vs natural liquidity does not provide much additional value to the DAO or STACK token.

Therefore, the DAO Council proposes that 5,000 STACK over the course of a year go to rewarding SVC001 liquidity providers.

Off-Chain Vote

Yes
12.99K 99.6%
No
58.08 0.4%
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Timeline

Apr 30, 2021Proposal created
Apr 30, 2021Proposal vote started
May 02, 2021Proposal vote ended
Oct 26, 2023Proposal updated