closedEnded 4 years ago · Snapshot (Offchain)
Allocate 10% of xBOO buybacks into POL
By 0x7F75...c18301Continue Reading
Currently, as it stands, the xBOO contract is creating a lot of fees that go entirely to holders, this seems great for investors, but it offers the platform almost 0 value as a long term investment.
Therefore, I propose that 10% of xBOO buybacks will go into the SpookySwap treasury as FTM-USDC LP.
While in the short term it may seem like investors are losing some value, this would in turn improve longevity of the protocol and ensure its survivability through any type of market.
TL:DR Direct 10% of xBOO buybacks into protocol owned liquidity consisting of FTM-USDC, a rotation could also be done every month into other blue chip asset liquidity e.g. FTM-BTC, FTM-ETH, and similar.
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0Votes 148
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x7F75...c18301 | 12,663 | Aye |
 0x1B3F...F10DB3 | 11,363 | Aye |
 0x4D6D...A2808f | 11,154 | Aye |
 0x731d...A5081C | 8,704 | Aye |
 0x60Ac...283FF9 | 7,961 | Aye |
VOTE POWER
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Proposal Status
- Fri February 25 2022, 11:00 amVoting Period Starts
- Sun February 27 2022, 11:00 amEnd Voting Period
Current Results
1-Aye
72,683.706
2-Nay
1,098.175