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LPs Lock and Unlock Mechanics -Discuss
Bless DFK
almost 3 years ago
Answered, left for reference

Will locked LP Mechanics always be a part of DFK or can we move to more sustainable APRs to do away with locked/unlocked Mechanics?

Will The Locking Mechanics in LP’s be done away with once All current Tokens are fully unlocked Jewel/Crystal/Klaytn? Furthermore will the DFKs Overall Supply Count ever increase aside from the crystal metric supply changing? (would have hoped to see this in the proposal overall supply will never be increased) or perhaps a future proposal.

Can the community count on all governance votes being final and always binding?

Tokenomic Mechanics for lasting returns based on suitable and transparent APRs in the liquidity pools.

Currently the Locking Schedule for Jewel, Crystal and now Klaytn will be in the books and will be a long road of potential APR’s that are “enticing” to new players and old wallets alike.

However, take Jewel for example. APRs with fluctuations on the preface of X amount gives Y amount of emissions and Pools etc. The locking of jewel had to be addresses in this most recent vote as you all are aware. Those APR’s for locked Jewel were not true to their reward stipulations. We do not as a community want to continue to repeat this cycle in this way. We want people to Invest whether LP’s or staking and get a base return without part of it LOCKED.

This may seem like an odd concept but even 20% base APR is higher than any bond or savings account in existence.

Can we not bring more transparency to this space by giving APR’s that are sustainable to increase TVL and lowering of losing assets risk by still limiting withdraws with early removal fees that go back to the host and/or users (investors), EVEN IF the emissions are Lower. (Do it for native tokens only if required)

Initial investment or staking, pooling fine, but let the Play to Earn Mechanics see the light of day and let the rewards from playing allow you to continue playing without requirement of further investment unless by choice not by forced mechanics.

The concept around trusting a Project like this is to invest and hold for years to come.

Thus I recommend doing away with Locked/Unlocked Mechanics and soon as possible reducing the Emissions and giving an Accurate APR based off data analytics from user count, tx’s etc.

V/R

Bless

PS:

Myself and others do not believe the APR’s in the LP’s are sustainable unless the locking/unlocking mechanism remain, which in our opinion is disruptive to the economy even if it does give the project “runway”.

Therefore, perhaps use a lower more realistic APR that is based off emissions, tvl, and data from volume and user tx’s. Let us not rob Peter to pay Paul…

Tokenomics aside, DFK needs to GAMEFI asap.

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Bolon Soron   marked this post as
Answered, left for reference
almost 3 years ago