closedEnded 4 years ago · Snapshot (Offchain)
Simplifying Trading rewards to w=fees, and 25% rewards to be moved to treasury
By 0xf90d...812044
The current Trading Rewards formula should be simplified to completely remove the Open Interest term, which as research has found adds nothing productive but takes up trading firms margin in order to put on fake large hedged Open Interest positions.
We propose moving to a simple rewards = proportion of total fees paid, ie collapsing the formula to simply: w = fees
Also a reduction of 25% of monthly rewards by sending it to the treasury, which will need to also be ratified by a separate on-chain vote.
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0Votes 645
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 Wintermute Governance | 11.438M | w=f and reduce rewards by 25% |
 Reverie | 2.928M | w=f and reduce rewards by 25% |
 0xDf71...519F2c | 2.5M | w=f and reduce rewards by 25% |
 0xdC1F...f5E432 | 2.5M | w=f and reduce rewards by 25% |
 FranklinDAO (Prev. Penn Blockchain) | 2.5M | w=f and reduce rewards by 25% |
VOTE POWER
0
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Proposal Status
- Wed July 27 2022, 08:07 pmVoting Period Starts
- Sun July 31 2022, 08:07 pmEnd Voting Period
Current Results
1-w=f and reduce rewards by 25%
22.804M
2-No changes
200,942.715