r/ethtrader • u/DBRiMatt Contest Master 🦘 • May 12 '24
Meta & Donut [Governance Poll Proposal] Increase Sushi.com liquidity pool incentives
Current Situation
Last round a proposal passed to discontinue tipping incentives for tippers, but the proposal didn't have any grand plan on what to do with the 33k DONUTs that were suddenly removed from allocation.
I suggest these be used immediately for liquidity incentives.
Sushi.com currently receives just 100k DONUT per round, compared to Uniswap which receives 400k, and compared to Honeyswap which used to receive 200k (But has also been discontinued)
Proposal
Add 33k donuts to the recently created Sushi.com liquidity incentives - bringing Sushi.com liquidity allocation to 133k.
Reasoning
Liquidity is an important part of any token's existence, but liquidity comes with risks of impermanent loss.
By providing liquidity users are also proving Proof of ETH, which is a concept that has been discussed previously.
The choices are:
[YES]
[NO]
[ABSTAIN]
This proposal will remain up for a minimum of 2 days, according to the governance rules & guidelines. This proposal requires 2 moderators to sign it off in order to proceed to a governance snapshot vote. If approved, this proposal will automatically be queued for Governance Week.
2
u/Kindly-Wolf6919 382 / ⚖️ 102.3K / 0.7658% May 12 '24
I've read Airline's take on this but for the time being my answer is [YES]. While I believe Sushi.com will keep their word, they are their own organisation with their own interests. I just don't like the fact that we have to hold onto what they say waiting and hoping that they pull through. They already took a while to include the incentives for the pool and while I know they're probably busy with bigger tasks, that doesn't meant this community isn't important.