Reversal of #Qma1pUs and QmWi8Ei

The current proposal looks to adjust reward weights and remove some changes implemented by proposals #QmWi8Ei and #Qma1pUs, in case they pass.

The main issue we see with #Qma1pUs are two:

1. Reduce rewards for collections with valuable NFT in them and increasing them for others that have just volume, which can be easily gamed pretty. We believe collections that provide most of the value in form of assets should keep the current rewards weights.
2. While we agree on having a mechanism to incentivize long term holders for UNIC and staking through xUNIC, we feel like the current proposal has not been fleshed out properly, without any details re how to account for slashing across different time periods, how to redistribute the slashed rewards, how to account for transfer into CEX exchanges etc. We think more discussions need to be had before rushing to implement such an important change.

Given the implementation of point 2) will also help with the liquidity of the UNIC-ETH, we would like to revert #QmWi8Ei and keep rewards to 5%, until discussions for point 2) are finalized.

Moreover, as per suggestions from Upshot, we want to use their appraised values for NAV, not some random “floor” price, given it is also unclear where these floor prices come from and how they have been calculated. So the new weights will be changed from:

45% floor price 31% liquidity 11% market cap 10% volume 3% holders

To: 45% appraised price 31% liquidity 11% market cap 10% volume 3% holders