P1: Should We Adjust VOL Community Rewards Allocations?

This is a proposal from the the idea put forth by @Nakamomo with feedback from many on Community Reward Distribution, DAO reward allocation and governance reward voting frequency.

Overview Since the start of VOL community reward governance voting we have observed several opportunities to improve on how community rewards are distributed.

A few observations include:

1. Weekly governance votes have caused significant swings in distribution of VOL rewards resulting in volatility of VOL token price.
2. Voter fatigue has been mentioned by multiple people that are concerned about missing a vote and want more predictability without having to vote on rewards every week.
3. Rewards are a rather low bar of entry for most and there is no community reward allocation for more valuable contributions to the VOL project.
4. Currently there is no DAO treasury that would allow us to invest in future opportunities such as staking and participating in building new volatility feeds.

In an effort to reduce volatility of VOL tokens and incentify VOL participants we are proposing new rewards allocations that will remain in place until a future allocation proposal is made and voted on.

How will governance on VOL rewards work under this proposal? There are currently 5 categories of VOL rewards including: Vol Staking, Sushiswap LP Staking, Governance, Uniswap LP Staking, Rewards on Rewards.

With this proposal, we are proposing new weekly community rewards allocations of:

• SushiSwap LP Staking 288,461 VOL Tokens ( Appox. 50% of community rewards)
• VOL LP Staking 144,231 VOL Tokens (Appro. 25% of community rewards)
• The elimination of Governance, Uniswap LP Staking and Reward on Rewards reward categories
• The remaining 144,231 VOL Tokens would be allocated to the future VOL DAO to decide on distributions such as rewarding VOL projects contributions and participation in new volatility feeds (25% of community rewards)

Voting If you vote YES then all the above will be implemented.

If you vote NO then the above will not be implemented