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closedEnded 5 years ago ยท Snapshot (Offchain)

Proposal to Increase XBOO rewards to .05% from .03%

By 0xA949...8900F9

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. Itโ€™s a win-win.

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Votes 119
VoterCast PowerVote & 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%

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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

99.9%

2-Keep XBOO rewards at .03%

1,625.135

0.1%
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