Governance Proposal: Scaling ADDY Boost

A new governance proposal to scale the ADDY boosting power based on each vault’s base APR has been made.

This change would reduce the ADDY boosting power for high APR vaults in order to avoid excessive inflation.

If the APR is above:
50%: -10% boosting power
100%: -20% boosting power
200%: -30% boosting power
300%: -40% boosting power
500%: -50% boosting power

For example, if a user needed 100 ADDY to get the full 2x boost for a 500% base APR vault, they would now need 200 ADDY.

Vote at https://adamant.finance/governance. Voting ends at: 7/30/2021 (12:40p 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

From BTC Script to Subscript: Anatomy of Smart Contract Language

Going on the Offensive: Exchanging Intelligence using TruSTAR

Softblc Platform / Unicrypt

Essentials of Disaster Preparation for Nonprofits

{UPDATE} True Horror Hack Free Resources Generator

Cyber Security plus Data Science: The Essential Career Path of the Future?

Gentle Introduction To Cryptography

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

Transfer ownership of Collateral Reserve

Introducing Contract Library From Nexity

Save the Date: The SLAP Discord Contest Starts Today

Avalanche x EtherDrops