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%.