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Swivel DAOSwivel DAOby0x3f60008Dfd0EfC03F476D9B489D6C5B13B3eBF2Ctraversa.eth

SIP (#004): Protocol Incentive Optimization

Voting ended almost 4 years agoSucceeded

As a follow up to SIP (#003) which reduced our protocol incentive emissions generally, we would like to further optimize our protocol incentives with the addition of scaling rewards by both:

  • Time (since placement)
  • Price (distance from market)

Alongside our discussion and proposal covering the topic in more detail: https://gov.swivel.finance/t/sip-004-protocol-incentive-optimization/182

Should this proposal pass, we will begin to scale user rewards based on the time that an order has sat on the orderbook, as well as the distance from market price that an order may be at when filled.

Between these two additions, wash trading will be extremely reduced, ensuring the correct market participants receive rewards.

Should we further optimize our incentives with the addition of time-based, and price-based reward scaling?

Off-Chain Vote

For
361.34K SWIV94.7%
Against
20.3K SWIV5.3%
Abstain
1 SWIV0%
Quorum:191%
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Discussion

Swivel DAOSIP (#004): Protocol Incentive Optimization

Timeline

Apr 07, 2022Proposal created
Apr 07, 2022Proposal vote started
Apr 10, 2022Proposal vote ended
Sep 13, 2024Proposal updated