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closedEnded 5 years ago ยท Snapshot (Offchain)

RIP-2 Alternative methods of driving value to $RGT token without dilution.

By 0xbE85...e30656

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 โ€œsalaryโ€, 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 โ€œtrustedโ€ lending platforms (starting with just Aave and Compound). Governance can vote on more โ€œtrustedโ€ 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.

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0
Votes 28
VoterCast PowerVote & 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

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VOTE POWER
0
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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

36.62%

2-I support A&B only

40,515.839

24.49%

3-I support A&C only

27,175.64

16.43%
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