Referendum #580

StellaSwap Incentive Program

Big Spender
9mos ago
31 Comments
Executed
Content
AI Summary
Reply
Up
Share
Request
1MDOT
Status
Decision28d
Confirmation7d
Attempts
1
Tally
76.4%Aye
50.1%Threshold
23.6%Nay
Aye
43.59MDOT
Nay
13.48MDOT
  • 0.0%
  • 0.0%
  • 0.0%

Threshold

Support(0.84%)
11.65MDOT
Issuance
1.39BDOT
Votes
Nested
Flattened
Calls
Call
Metadata
Timeline6
Votes Bubble
Statistics
Comments

Any comment on why you moved away from 40% match of the Dot rewards as the live hydra proposal and went for 15% instead?

Reply
Up

hey sirs im ok with give funds, but only want to say that should have a better organization of the selected pairs/tokens

why stdot( own product??) should have more than ldot or vdot, when it is not adopted like the others (well vdot is the most adopted, so really this should have more liquidity)

Or why pen should have more target and liquidity incentives than CFG per example when is a top project?

manta have much greater one than the rest, so?

Reply
Up

I would counter-propose that some of these funds not be used for liquidity incentives which are paid and gone. Instead, more than half should be a Polkadot treasury-owned DOT/USDT LP deposit into the DEX, so that that pair will retain liquidity indefinitely instead of constantly paying to retain mercenary capital. Treasury Owned Liquidity (TOL). Yes Stellaswap uses a concentrated liquidity model now, but this deposit can be set to "full range".

One constraint I've heard is that there's no way for Polkadot governance to directly control an EVM address. Moonbeam gnosis safe would be an alternative, but again requires custody by trusted individuals. So this becomes a feature request for future XCM design and Moonbeam precompiles to enable Polkadot treasury to retain control of funds on EVM accts in the future.

Reply
Up