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UnipilotUnipilotby0xfb8E7183057f2472F859738dC9622cC74e09820B0xfb8E…820B

Put a cap of $50,000/Month to LM Rewards.

Voting ended over 4 years agoSucceeded

Preface: We started LM Program 2 months ago with the sole purpose of increasing liquidity, to encourage people we had an APY of 480% which was supposed to gradually decrease as we have enough liquidity available. Currently, we have around $2.5M of liquidity available and we believe the time is here to have a max cap of LM Rewards in order to reduce the selling pressure.

Proposal In order to protect the token sell-off by users through LM Rewards, we propose to have pre-defined $50,000 of LM Rewards each month. This can be divided equally to everyone taking part in the Liquidity mining program upto an APY of 480%.

Off-Chain Vote

Yes, put a cap of $50,000.
33.64K 70.4%
No, don't put any cap.
14.12K 29.6%
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Timeline

Sep 23, 2021Proposal created
Sep 23, 2021Proposal vote started
Sep 27, 2021Proposal vote ended
Oct 26, 2023Proposal updated