Governance Proposal: Boost Weight Reduction

A proposal to reduce the ADDY boost weight from 100% of the emission rate to 50% of the emission rate has been made.

This would mean that each BP would double the ADDY earnings for $200 worth of a user’s stake in a vault, instead of $400 worth of a user’s stake in a vault.

Context

The boost for vaults is a multiplier of the emissions rate. Locking ADDY allows users to boost their vault rewards. This brings the emission rate of ADDY above the normal ratio (as of tomorrow 400 ADDY per every ETH of profit). It’s believed that the boost rate currently is higher than market conditions will support and could lead to diminishing the value of ADDY. Reducing this to 50% of the emissions rate should drive higher lock rates and thus a more sustainable price.

Vote on this proposal here: https://adamant.finance/governance

It ends at 8/1/2021 21:20 Central

ADAMANT OFFICIAL LINKS

Website: https://adamant.finance/

Telegram: https://t.me/adamantfinance

Discord: https://discord.gg/69ureKKYz2

Github: https://github.com/eepdev/frax-stake

Twitter: https://twitter.com/AdamantVault

--

--

--

The #1 Autocompounder and Yield Optimizer for Polygon and Arbitrum

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

A confusion of plastic.

Not all trade is good — the case of plastics waste

Ancillary #4: Conscious Consumerism

In a Russian Village, Untimely Rain Affects Livelihood and Food Security

Opaque — For our oceans

Urban Jungle Warfare in South-East Asia: Fighting Back with Energy Efficiency

Climate Change: An issue in the eye of the beholder.

Waking up to the impacts of coffee

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Adamant Finance

Adamant Finance

The #1 Autocompounder and Yield Optimizer for Polygon and Arbitrum

More from Medium

Collateral Reserve Contract and Schedule

Patient Zero MiniGame BETA Release: Sunday January 9th, 2021

Welcome to Avalanche on WalletNow!

Basecamp — New Beginnings