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Unifi Protocol DAOUnifi Protocol DAOby0xb881FCB2e06615BEda2eD674cfaF415E79EEF6470xb881…F647

Proposal to increase the maximum amount in UNFI stake

Voting ended about 3 years agoSucceeded

UNFI holders can help manage tokenomics and influence the APR of staked rewards. Background

UNFI's participation in Ethereum began on January 1, 2021. At that time, a maximum of 500,000 places were available for UNFI holders to stake. It wasn't long until all the places were taken. This blocked a significant part of the circulating supply of UNFI in participation.

UNFI staking was designed so that as it reached its maximum capacity, the staking APR was higher for all stakers. Initially, ~40% APR was offered at UNFI's maximum participating capacity. The UNFI referendums had not yet been launched. So, Unifi responded to social media requests for an increase in UNFI's maximum engagement capacity. In April 2021, the maximum participation capacity was raised to 600,000 participation points. The APR at maximum participation capacity was also adjusted to ~36%. Points of consideration

In recent months, UNFI's turnout has been routinely packed. It is currently at 637,000 with a maximum APR of 32%.

Unifi constantly receives many requests from the Unifi community on social media to increase the bet maximum.

Based on the above information

Should there be an increase in the maximum allowed amount of UNFI that can be wagered?

Yes, open more places to bet!

No - Do not change the UNFI participation maximum

Off-Chain Vote

Approve
1.73K UNFI100%
Decline
0 UNFI0%
Download mobile app to vote

Timeline

Dec 17, 2022Proposal created
Dec 17, 2022Proposal vote started
Dec 27, 2022Proposal vote ended
Oct 26, 2023Proposal updated