RIP-2 Alternative methods of driving value to $RGT token without dilution.
Rationale: Offer a better and more useful product that would naturally create TVL before pandering to future mercenary farmers at the expense of current token holders.
A. Implement RGT tokenomics: Fee discount for farming on staking x amount of RGT. Amount of discount should be quadratically related to amount of staked RGT - ie the first 20% discount could potentially be 100 RGT, a full discount of fees would require 100000 RGT, scaling up exponentially in between. B. Remove burn, fees go towards a project treasury to be shared between stakers of RGT, paying team members a โsalaryโ, and potential future RGT incentives for certain strategies (without dilution). C. Staking RGT requires locking RGT in a contract for a set time period, this would be required to be able to vote in governance or claim staking rewards. D. Allow the public/market to create strategies on Rari between โtrustedโ lending platforms (starting with just Aave and Compound). Governance can vote on more โtrustedโ platforms as time goes on. With just Aave and Compound, for example, obvious strategies would be 0x or wBTC, the strategy would simply allocate to the higher of interest rates on Compound or Aave until deposit rates reach parity.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
0xa7AD...823317 | 40,138 | I support A&B only |
0xc91A...145Fd6 | 27,176 | I support A&C only |
0x3D4E...29BAdA | 17,004 | I support ALL 4 |
0x545F...Cf4CB4 | 13,878 | I support A&B&D only |
0xDAA7...Fe236c | 13,579 | I support ALL 4 |
VOTE POWER
Proposal Status
- Mon December 21 2020, 05:00 pmVoting Period Starts
- Fri January 01 2021, 05:00 pmEnd Voting Period
Current Results
1-I support ALL 4
60,586.752
2-I support A&B only
40,515.839
3-I support A&C only
27,175.64
