Reinstate protocol-owned liquidity acquisition
Pausing POL acquisition rewarded all SpookySquad members who held through or bought in the recent dip with plenty of $BOO tokens. Now that the situation has stabilized, although at a lower level than before due to general market conditions, this proposal suggests to again dedicate a small % of trading fees to the acquisition of protocol-owned liquidity. Before the pause, 15% of the 0.03% of trading fees went into POL acquisition. In the current situation, two scenarios come to mind:
Reinstate POL acquisition with 15% Reinstate POL acquisition with 10% and dedicate 5% to the team for development costs
The line of thinking for the latter option is the following: Spooky is in the luxurious position that it generates substantial continuous revenue through buybacks. In addition, the team stayed small through the bull market while other projects expanded their teams to 30+ members. If the bear market is here to stay, giving Spooky the ability to acquire top talent from projects that are struggling, would be a massive competitive advantage. Most of us have experienced how much a 10x developer can accomplish compared to more average teams, so seizing this opportunity should be considered.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x5Aa0...Ba0Feb | 28,738 | 10% POL acquisition, 5% for team |
 0x17e0...74b2Eb | 28,709 | 10% POL acquisition, 5% for team |
 0x3F32...Ed21F8 | 19,383 | 10% POL acquisition, 5% for team |
 0x1EFD...6ee7c0 | 18,087 | Do not resume POL acquisition |
 0x2031...0BD1Db | 12,165 | 10% POL acquisition, 5% for team |
VOTE POWER
Proposal Status
- Sat May 21 2022, 08:52 pmVoting Period Starts
- Tue May 24 2022, 08:52 pmEnd Voting Period
Current Results
1-10% POL acquisition, 5% for team
102,650.803
2-Do not resume POL acquisition
25,921.882
3-15% POL acquisition
6,120.57