Pending execution

Reduce staking earnings at LeStake to 1 $GFOOD per day


Proposal ID

460763...5202

Proposed

Jul 27th, 2022

Result details
Final Votes

Quorum

Pending

Majority support

Yes

For

90.84K

Against

0

Abstain

0

Actions

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Details

Custom

0x32dd...0924

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Custom

Account

0x32dd...0924

Method

schedule(..)

Custom

0x32dd...0924

execute(..)

Custom

Account

0x32dd...0924

Method

execute(..)

Proposal

The RatAlert gameplay has many moving parts and it was hard to anticipate how players would progress through the game. Would they maximize their $FFOOD earnings to spend them on additional character NFTs? Would they try to acquire as much $CFOOD as possible to get their hands on those rare LeStake© kitchens?

It turns out that players have one focus, and one focus only: Staking their characters at LeStake© to accumulate (and hodl!) as much of RatAlert's DAO token $GFOOD as possible. They don't care that the token's utility is yet to come in future updates of the game. What they know is that $GFOOD will play a significant role in the future. And they have become experts in avoiding every mishap and catastrophic event that the game throws at them!

So what's the problem? Well, gamers are earning too much $GFOOD. Approx. 25% of the token's play2earn supply has already been minted. If this continues at the current pace, the token will be minted out by early October.

Proposal #2 aims to cut deeply into the daily income of chefs at LeStake©: What used to be 12.5 $GOOD per day will now it will be reduced to 1 $GFOOD per day.

This proposal is crucial to the future economy of RatAlert and prevents a fatal scenario where all $GFOOD is minted out before it gains any utility (kitchen items etc).

Final Votes

Quorum

Pending

Majority support

Yes

For

90.84K

Against

0

Abstain

0

Final Votes
Status

Wed Jul 27, 12:36 pm

Published onchain

Mon Nov 23, 05:28 am

Voting period started

Sat Nov 28, 10:41 am

Voting period ended

Sun Jul 31, 08:47 am

Proposal queued

Execute proposal