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Stacker VenturesStacker Venturesby0x31483A93c879c9DCF85899f61b521E1e5b520b69jonasbayes.eth

Should STACK Vault Incentives Be Reduced?

Voting ended over 4 years agoSucceeded

I propose that STACK Vault incentives be reduced by 80% and buybacks from DAO treasury interest go back to the DAO treasury for the following reasons:

  1. We originally hoped that higher rewards would incentivize a bigger percent of holders to stake, which did not happen
  2. With price trending down, the extra emissions have negatively affected the price of the token (people have been selling after each vault rebalance)
  3. APY on the vault will still remain around 40% for stakers with current TVL, a sufficient reward for staying invested in the DAO's success
  4. And finally, it is better for our DAO to hold on to these tokens to spend later on building if they are not positively affecting growth in the present

Off-Chain Vote

Yes
10.26K 100%
No
0 0%
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Timeline

Jul 23, 2021Proposal created
Jul 23, 2021Proposal vote started
Jul 26, 2021Proposal vote ended
Oct 26, 2023Proposal updated