Rewards for Liquidity Providers (LP Staking)

Voting ended almost 4 years agoSucceeded

Providing liquidity for our native $ZENI token is important as it allows token users to buy and sell the token from the Uniswap pool.

Uniswap incentivises people to add liquidity by sharing 0.3% of the trading fees generated by the pool with the liquidity providers. However, to make the provision of liquidity even more attractive The Sevens encourage users to stake their LP tokens (your receipt from Uniswap for your liquidity) on our website and give additional rewards in $ZENI tokens

For the first month we gave 150,000 $ZENI, which are shared on a pro-rata basis between the LP stakers. The larger your LP, the larger your share of the rewards.

We would now like to ask the DAO how many $ZENI tokens you think we should award the liquidity providers in the second month?

Off-Chain Vote

150k - as per the first month

11.43K 9%

200k - increase for more stakers

91.45K 72%

100k - decrease against dilution

19.83K 15.6%

Stop LP rewards

4.27K 3.4%

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Timeline

Feb 28, 2022Proposal created

Feb 28, 2022Proposal vote started

Mar 03, 2022Proposal vote ended

Oct 26, 2023Proposal updated