StellaSwap Incentive Program

10hrs 2mins ago
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Past Performance

  • Referendum: 580
  • Status: In Progress⌛

OGT Review

The campaign started with a ~5 month delay on 11.09.2024, as the team was waiting for the BEEFY integration.
Treasury funds were received on 18.04.24.

During that delay the team staked a portion of the received DOT (around 700K DOT) from the StellaSwap multisig to the staking pool that issues stDOT.

Since it was clearly stated in the proposal that under no circumstances the received grant will be allocated for another use, we reached out once again to the team for further input so we could better understand the reasons behind this activity.

  • The StellaSwap team replied to us that the reason behind this decision was to avoid leaving the DOT idle and to generate more incentives for the campaign.
  • In addition, they assured us that the entire amount of the generated rewards through staking will be allocated to the campaign.
  • They also informed us that the campaign will be expanded until the end of November as they have more rewards to distribute.

This use of the funds can be considered acceptable and understandable from our side as long as the team provides all the necessary information that justify the above claims.

Specifically, we requested a detailed breakdown of:

  1. The exact amount of DOT generated through staking during that period.
  2. The exact amount of extra DOT that was added to the campaign.
  3. The total amount of distributed rewards for both DOT and STELLA tokens.

The team told us that they will provide an in-depth overview about the campaign and the points we raised during their new proposal submission.
However, we are unable to locate any of this important information or a related update on that front in the shared proposal documentation.

We would much appreciate if you could elaborate further on the matter or redirect us towards the expected report.

Thank you in advance.

Past Performance is our second experimental approach, after OGT Rating, to target pre-approval practices and help voters make better informed decisions.
We share our findings and further insights about the previous proposer's work and its overall status.

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Saxemberg has voted NAY on the Polkadot referendum 1771. StellaSwap Incentive Program. For now and at these price levels, no further incentive program will be supported by our vote.

Vote override procedure:
https://voting.opensquare.io/space/the-sax-guild/proposal/QmWSBKYNCTAWBf5kHJoNRhyoFvYBHwsd48tYAhfyyxwMz8

Reply
Up
Request
1MDOT
Status
Decision28d
Confirmation
7d
Attempts
0
Tally
0%Aye
100%Nay
Aye
0.1DOT
Nay
3.14MDOT
  • 0.0%
  • 0.0%

    Threshold

  • 0.0%
Support
0.00%
1.1DOT
Issuance
1.62BDOT
Votes
Nested
Flattened
Actions
Or do delegation here, check wiki.