Proposal to Increase XBOO rewards to .05% from .03%
I propose that we increase the XBOO rewards to .05% from .03%. This would increase the value of staking $BOO outside of the liquidity pool, leading to increased value for stakeholders. This would likely have a positive impact on the price of BOO, which in turn would have the indirect benefit of increasing the value of reward incentives to liquidity pools, leading to a positive feedback loop of increased TVL growth and volume.
Relative to most decentralized exchanges, Spookyswap already charges a very low fee to swap of only 0.2% when most major dexes have a 0.3% fee. Personally, I can attest to the fact that the cost of trading using a dex is far more affected by the liquidity of the dex than the swap fee. Increasing the swap fee by this small increment(To 0.22% from 0.2%) could lead to greatly increased TVL growth, which would bring down the overall cost of swapping, especially for larger traders, all the while increasing profits for stakeholders. Itโs a win-win.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
0xA949...8900F9 | 1.397M | Increase XBOO rewards to .05% |
0x6F8b...EcE59d | 45,013 | Increase XBOO rewards to .05% |
0x934C...7D9bf7 | 36,970 | Increase XBOO rewards to .05% |
0x4ffD...D8df76 | 30,156 | Increase XBOO rewards to .05% |
0x0291...Bcd769 | 20,525 | Increase XBOO rewards to .05% |
VOTE POWER
Proposal Status
- Wed September 08 2021, 07:00 pmVoting Period Starts
- Wed September 15 2021, 07:00 pmEnd Voting Period
Current Results
1-Increase XBOO rewards to .05%
1.652M
2-Keep XBOO rewards at .03%
1,625.135
