Official Proposal: Changes to the "burning TOAST" pool creation & boosting feature

"Burning TOAST" is the feature on Toast.finance where, through the HeadChef contract, people can burn TOAST in order to add a reward pool for an ERC20 token of their choice, or burn TOAST in order to boost the reward weight multiplier for a chosen reward pool (which reallocates rewards from other pools).

Currently, both of these actions add 1000 weight points to the created or chosen pool - which we refer to as "boosting by 1x". And currently, each 1x boost also results in a 0.5x bonus boost (500 weight points) to the TOAST-ETH UNI-V2 LP pool, and a 0.5x bonus boost (500 weight points) to the HOUSE-ETH UNI-V2 LP pool.

We are proposing these changes to the system:

1. As of ETH block 11070000 (around 2 days from now), each creation or boost action will instead add 2000 weight points (2x) to the created or chosen pool. Every 40000 blocks (around 6.5 days), this amount will increase by 1000 weight points. So the pool creations/boosts will increase to 2x, then 3x, 4x, and so on ... with the aim to encourage more participation as more time goes on.

2. The TOAST-ETH UNI-V2 LP pool's bonus boost will be changed to be equivalent to the creation/boost amount at the time – when this amount is 1x, it'll be 1x, 2x when 2x, and so on – in order to encourage more TOAST-ETH liquidity.

3. The HOUSE-ETH UNI-V2 LP pool bonus boost will stay at exactly half of the creation/boost amount at any time – 0.5x when the creation/boost amount is 1x, 1x when the creation/boost amount is 2x, etc.

4. The HeadChef contract will stay as upgradable at this stage and will later be locked down.

Please select "Vote For" if you agree with everything, or select "Vote Against" if you disagree with even a portion of this proposal.