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End Inflationary BOT Rewards{"type":0,"summary":"This proposal is to end the 16 BOT per day of daily rewards that goes to governance participants (50%), transactional miners (30%) and Uniswap LP token stakers (20%) and burn the BOT in this contract.","details":"At this moment there is 23,461 BOT in the following contract 0x5beabaebb3146685dd74176f68a0721f91297d37 - The rewards are so tiny each day that they are not even worth claiming as the fees exceed the rewards for voting for nearly all users. You can clearly see this in Etherscan as the claims and interest in these inflationary BOT rewards are almost non-existent. As we are well past the bootstrap phase, transactional mining rewards are no longer needed. Fee generation revenue on Bounce Finance is HIGH (paying approximately 100% APY in ETH rewards) and sustainable from genuine commercial activity. Also, the Uniswap LP token staking reward is so small that it is irrelevant and not necessary given that BOT has significant natural liquidity on Huobi, Okex, Coinone and other exchanges. The Uniswap liquidity is also fine and the rewards aren't a factor. This proposal is to burn approximately 23,461 BOT from this contract and end the inflationary rewards. The remaining maximum supply will be approximately 76,539 (number determined at closing of vote), with 25,000 of this BOT in the Governance vault and owned by BOT holders. That 25,000 BOT is a strategic reserve of approximately $8,500,000 at $340 per BOT, which is more than sufficient for any future rewards or other activity, if required.","agreeFor":"I vote to end the 16 BOT per day daily rewards and burn the 23,000+ BOT in that contract.","againstFor":"I vote to maintain the 16 BOT per day daily rewards."}
Burn 50000 Gov Vault BOT{"type":0,"summary":"Reduce the amount of the Governance Vault treasury to 25000 BOT from 75000 BOT by burning 50000 BOT. This will reduce total supply to 100000 BOT.","details":"The Governance Vault located at 0xda67595745f74860f3360fedf744cee7293d2daf holds 75000 BOT, which today is valued at $25,000,000 (at $330 per BOT). It is owned by BOT token holders. I believe it represents a price overhang on the value of BOT. The amount is unnecessary and the way it has been sold in the market has been a concern and impacted BOT price greatly. I believe that 25000 BOT is more than sufficient for the Governance Vault treasury. This is $8,250,000 today in value. Bounce Finance is unique in that the protocol generates substantial revenue in Ethereum (non-inflationary) and a $25,000,000 treasury is unnecessary in my opinion. I propose to burn 50000 BOT, which will leave a Governance Vault treasury of 250000 BOT and the maximum total BOT supply will be 100000,.","agreeFor":"I vote to burn 50000 BOT in the Governance vault","againstFor":"I vote to not burn 50000 BOT in the Governance vault"}
Dutch Auctions for Governance{"type":0,"summary":"The proposal is to use Dutch Auction format instead of the current Sealed Bid Auctions for all future Governance Vault sales. This will improve public perception regarding low floor swap ratio pricing","details":"As detailed in this post: https://medium.com/@bouncefinance/a-new-metric-a-new-vision-e7573c7fd816 there will be future Governance Vault sales that will benefit the DAO. \n\nThe Governance Vault currently holds 75,000 BOT. The current format calls for to be determined Sealed Bid Auctions with a with the floor swap ratio of 1 ETH=6 BOT. This low floor price scares off potential BOT investors, because the actual market price has always been significantly higher. \n\nInstead of a Sealed Bid Auction with a floor swap ratio, I propose to use a Dutch Auction format with no reserve. The Dutch Auction protocol already live on Bounce. \n\nWith a Dutch Auction, the auctioneer begins with a high asking price in the case of selling, and lowers it until some participant accepts the price. \n\nThis will likely achieve prices at or near current market price and the public perception of the sale will be enhanced with nobody worried about an unusually low floor price.","agreeFor":"I vote in favor of Dutch Auction format for future Governance Vault sales.","againstFor":"I vote against Dutch Auction format for future Governance Vault sales."}
Add 15 day lock to BOT staking{"type":0,"summary":"Adding a 15 day lock to BOT staking will reward those with a commitment to staking BOT, by decreasing the amount of staked BOT. Therefore, there will be less BOT sharing the same amount of rewards. ","agreeFor":"I vote for a 15 day lock to BOT staking.","againstFor":"I vote against a 15 day lock to BOT staking."}
Utility token earned with BOT{"type":0,"summary":"Add a secondary utility token that BOT users can earn by staking and farming BOT pools. This can be the platform currency and can be used as rewards for liquidity providers and stakers and for fees. ","details":"BOT should be the main governance token and all platform revenues should go to BOT holders in some shape or form. However, BOT with its limited supply is not a good currency for fees and staking rewards. A secondary utility token, closer to a stablecoin, possibly with rebases, can be useful as the default platform currency. Being able to earn this secondary currency by staking BOT and farming in BOT pools will drive enhanced interest to the project and increase the value of BOT as it is a direct utility and use of the BOT token. Demand for BOT will increase as it will be necessary to have BOT to stake it to generate this new currency. This will lead to a high APY, and because BOT supply is limited, this will increase the price of BOT. Several projects have implemented this model with much success. An example is Kitten Finance with KIF as the governance token (like BOT) and kBASE as the currency token.","agreeFor":"I support the creation of a secondary utility token to be generated by staking BOT.","againstFor":"I do not support the creation of a secondary utility token to be generated by staking BOT."}