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General
10 Threads
Any discussion that doesn’t belong to the other sections.

YouTheChampion
0xA1b
•
5/23/2023

NFA Utility
Let's talk NFA utility.
8 comments



Banaetty
0xA98
•
3/30/2023

General Topic Guidelines
Please review the following guidelines for participating in discussions and
posting a proposal for review. Threads that do not meet these guidelines may be
removed. Threads under the General topic should be limited to discussions that
don’t belong in Governance. Examples of useful, valuable General threads
include: 1 - General topics - Getting early feedback on a proposal suited for
another category - Generally driving discussion around topics relevant to any
DAO - Sharing information or news bites to seek commentary 2 - Community
Development - Discussions about potential new partners - Recommendations for
marketing opportunities - Collaborative development of ways to grow the ApeSwap
community 3 - Feedback and Ideas - Feedback about existing ApeSwap features and
products - Discussions about new ApeSwap features and products - Ideas about how
to drive engagement with new and existing users How General Threads Become
Proposals If an idea is proposed in General, a new thread must be created in the
Governance topic before it will be submitted for review. Posting a thread in
Feedback and Ideas does not constitute a formal proposal - only proposals that
are submitted to the Governance topic will be considered for review by the
ApeSwap Core Team.
0 comments

Governance
14 Threads
Where DAOC and highly engaged members kickstart the conversations that will
shape future governance proposals.

Banaetty
0xA98
•
6/1/2023

BANANA ROE Improvement | Prop 28 Discussion Thread
This discussion thread focuses on Governance Proposal #28, which will address
specific areas of BANANA’s emissions in the ApeSwap ecosystem. The proposal
highlights the need to reduce emissions to the BANANA-BANANA Staking Pool and
reallocate them to other products, specifically the GNANA-BANANA Staking Pool.
This adjustment aims to improve the return on emissions, align incentives
between users and the DAO, and mitigate the negative impact on the token price.
This proposal also highlights the progress made in reducing emissions through
previous governance decisions and emphasizes the importance of sustainable
growth for the ApeSwap protocol. When discussing Governance Proposal #28,
consider the various factors that influence the price of the BANANA token, such
as liquidity health, token utility, and tokenomics structure. While BANANA
liquidity is currently healthy, and the token might soon have increased utility
via Real Yield GNANA Staking Pools (see Governance Proposal 27 ), there are
still opportunities to improve BANANA emissions. Every stakeholder in the
ApeSwap ecosystem is encouraged to participate in this discussion so that
ApeSwap can achieve the best possible outcome for the DAO. Background & Context
The key variable in BANANA’s tokenomics that has always negatively impacted its
price the most is BANANA’s emissions rate. Currently, BANANA is being released
into circulation each day until the hard cap of 420M BANANA is reached.
Generally speaking, the price of BANANA will be reflected as the demand vs
supply of the token. If the supply continues to increase without increasing
demand, it could be expected that the price would fall. To combat this effect,
ApeSwap constantly works to reduce emissions through Governance Proposals and
increase utility by improving the protocol through product development. BANANAs
emissions are currently the most efficient they have ever been. Ever since the
DAO voted against a reduction of the total emissions through the BANANA
Emissions Reduction Governance Proposal in June 2021, ApeSwap has made changes
over the last year to adjust where BANANA emissions have been distributed in
order to increase the return on emissions generated by the protocol and reduce
the inflation rate of the BANANA token. The ApeSwap DAO has been aggressively
exploring and enacting ways to reduce BANANA emissions and/or increase the
return on those emissions, including creating an Excess Farm to retain
unnecessarily emitted BANANA, establishing a hard cap on BANANA, and reducing
emissions distributed to Polygon farms and lending network rewards. The goal is
to distribute emitted BANANA to products and features that create revenue for
the DAO, which ultimately has a positive impact on the DAO’s ability to sustain
itself and grow. Through the Gauntlet Emissions Budget Optimization Governance
Proposal passed on June 27th, 2022, ApeSwap DAO created an Excess Farm that
allows the ApeSwap team to collect BANANA emissions deemed as unnecessary. This
practice has saved over 30M BANANA from unnecessarily entering circulation, and
their use will be decided by the community via governance at a future time.
Through Governance Proposal 22 , ApeSwap DAO established a hard cap on the
BANANA token of 420,000,000 tokens and the ability to adjust the BANANA-BANANA
staking pool emissions, which were hard coded into the original MasterApe
contract. Through Governance Proposal 24 , ApeSwap DAO reduced BANANA used as
rewards for the ApeSwap DEX on Polygon from 1 BANANA per block to 0.9 BANANA per
block, and reduced BANANA used as rewards on the ApeSwap Lending Network from 1
BANANA per block to 0.85 BANANA per block. This proposal also granted the core
contributors the flexibility to make further changes to these allocations. As of
May 16th, 2023, ApeSwap DEX rewards for Polygon are at 0.876 BANANA per block,
and current ApeSwap Lending Network rewards are at 0.65 BANANA per block.
(image) ApeSwap’s core contributors believe there is still room for improvement
- as supply is still outweighing demand, which could in turn cause sell
pressure. Return on Emissions To calculate the value of emissions, core
contributor ApeGineer leverages a calculation called Return on Emissions (ROE).
Because BANANA tokens are being put into circulation, it’s important to consider
how much return ApeSwap receives based on the value of BANANA emitted. The
return received from BANANA emissions is the net return on the value of the
BANANA emitted, which the ApeSwap protocol uses as described in the
documentation . The chart below showcases ROE and mint allocation across three
time frames, Q3 is July-September 2022, Q4 is October-December 2022 and T1 is
January-April 2023. As you can see every previous proposal has led to a positive
ROE change across the BNB DEX, Polygon DEX and Lending Network. This proposal
looks to reduce the 0% ROE impact of the BANANA-BANANA Pool and help increase
the ROE of GNANA. (image) The graphs below show the daily values and accumulated
value, respectively, of the BANANA emissions saved, as a result of the efforts
ApeSwap has put in place to reduce BANANA emissions, at spot-in-time prices:
(image) (image) (image) Disclaimer: this analysis is based on a fixed sales
pressure coefficient of 30%, assuming all other factors equal. For illustrative
purposes only. BANANA-BANANA Staking Pool Emissions Relative to other BANANA
emissions, the return on emissions distributed to the BANANA-BANANA Staking Pool
is effectively zero - they represent a pure expense to the protocol, with no
utility other than to serve as a reward to BANANA holders. The BANANA-BANANA
Staking Pool is one of the few products to which emissions distributions have
remained constant as the macro and internal factors affecting the DAO have
changed, partially because the output was hard-coded into V1 of the protocol.
The V2 hard cap migration, which established the maximum supply of the BANANA
token, allowed for the first adjustments to the BANANA-BANANA Staking Pool
(since the pool will eventually need to be turned off to enact the hard cap). As
of May 16th, 2023, ApeSwap is currently emitting 2.136 BANANA per block to fund
rewards for the BANANA-BANANA Staking Pool. The ApeSwap team of core
contributors propose that the ApeSwap DAO reduce emissions to the BANANA-BANANA
Staking Pool and redistribute them to other products. Proposed Changes
Specifically, this proposal would increase the BANANA emissions distributed to
the GNANA-BANANA Staking Pool from 0.15 BANANA per block to 1 Banana per Block
by reducing the Banana emission distributed to the BANANA-BANANA staking Pool
from current rate of 2.13 Banana per block to 1 banana per block. The excess
.286 BANANA per block would no longer be emitted. GNANA serves multiple purposes
within the ApeSwap ecosystem, one of which is to reward committed users of the
protocol with exclusive product offerings. Users convert BANANA to GNANA,
participating in a key burn mechanism in the process, and in return, are able to
use their GNANA in exclusive products like Staking Pools set up with partners
specifically for GNANA holders, Real Yield GNANA Staking Pools (pending
Governance Proposal 27 ), and of course, the GNANA-BANANA Staking Pool.
Allocating more emissions to a product that employs a burn mechanism serves not
only to further reward the most committed members of the ApeSwap community, but
also all BANANA holders as a collective, because the protocol’s return on
emissions for those reallocated BANANA emissions is much higher and has a less
direct negative impact on the token price of BANANA. Passing this governance
proposal at the same time as Proposal 27, which creates a real yield mechanism
for distributing DEX revenue to those that stake GNANA, also ensures that more
users can take advantage of the opportunities created through these Staking
Pools. Shifting emissions towards the GNANA-BANANA Staking Pool more effectively
aligns incentives between individual users and the DAO as a whole, and generates
a higher return on emissions. Due to the V2 migration, the GNANA-BANANA Staking
Pool must be created as a new pool, and the current GNANA-BANANA Staking Pool
will be deprecated if this proposal passes. This is a technical limitation that
cannot be avoided - GNANA holders, stakers, and voters on this proposal must be
aware that the GNANA reflect fee cannot be disengaged if they desire to go from
staking in the original GNANA-BANANA Staking Pool to this new GNANA-BANANA
Staking Pool that would be created with the passage of this proposal. If this
passes the APR of the BANANA-BANANA Pool will decrease if the total BANANA
staked remains constant. Feedback Requested ApeSwap DAO is interested in hearing
the community’s opinions on this proposed change in BANANA emissions, especially
as it relates to GNANA utility and the protocol’s sustainability as a whole. Key
points of this feedback include: - Are the core contributors proposing the
correct cut of the BANANA-BANANA Staking Pool, should it be less or should it be
more? - Should the rate of change be gradual, or all at once? - Where else would
you like to see BANANA emissions changed and why?
45 comments



Obie Dobo
0xFAc
•
5/26/2023

Further Leveraging ApeSwap POL to Improve Operational Efficiency | Prop 29
Discussion Thread
Background & Context Since the very beginning of the ApeSwap protocol, ApeSwap
has emitted a fixed amount of its native token, BANANA, on a per-block basis. In
total, approximately 5.2 BANANA per block are emitted into circulation, and as
of Governance Proposal 23 , an additional fixed 1 BANANA per block is earmarked
to cover expenses, going into the ApeSwap Treasury. When ApeSwap started, every
operational expense was paid in BANANA (either directly or by swapping for
another token), including core contributor compensation, external vendor
agreements, marketing costs, and all other expenses required to keep the
protocol running and growing. At a certain point (noted below), the ApeSwap DAO
stopped spending BANANA and instead held it in the Treasury on the assumption
that BANANA would be worth more in the future, allowing the DAO to grow in value
and (in the future) pay for more expenses with the same amount of BANANA.
ApeSwap DAO stopped spending BANANA to cover operational expenses on May 9th,
2022. Except for a few giveaways, ApeSwap as an organization has been bearing
the burden of the decrease in BANANA price alongside the community of BANANA
holders. ApeSwap could have avoided this by selling BANANA as it was emitted,
drastically increasing the circulating supply and negatively impacting price,
but instead the organization lost a significant amount of operational runway in
the process in the interest of protecting BANANA holders by holding emitted
BANANA in the Treasury. Inflation is the largest factor contributing to the
decline of the price of BANANA. Unlike some competitors in the DeFi and DEX
space, ApeSwap has tried to be very careful with emissions of the BANANA token,
constantly looking for ways to reduce the rate of inflation of BANANA instead of
leveraging emitted BANANA to create extra revenue at the expense of the long
term health of the token. Once again the organization could have created years
of operational runway, but in the interest of protecting BANANA holders have
always refrained from this strategy. The impact on price of selling .7
BANANA/block since May 9th, 2022 and 1 BANANA/block since the Prop 23 passed on
Nov 18th would be: (image) Disclaimer: this analysis is based on a fixed sales
pressure coefficient of 100%, assuming all other factors equal. For illustrative
purposes only. Proposed Changes In December 2022, ApeSwap DAO passed Governance
Proposal 25, which enabled the organization to tap into a portion of the
protocol-owned liquidity (POL) that was created through the sale of BANANA-based
ApeSwap Bonds (then called BANANA Bills). Specifically, this proposal allows the
organization to use 10% of the POL created from the sale of Bonds that gave
BANANA as the discounted vesting token, excluding any POL made up of LP tokens
that included BANANA as an input token. To ensure the continuity and growth of
the DAO, ApeSwap core contributors proposed that this flexibility to leverage
POL for operational expenses be extended to all POL created through the sale of
ApeSwap Bonds. This means all ApeSwap POL would be eligible for use towards
ApeSwap DAO’s operational expenses. This is a strategy that aligns closely with
ApeSwap DAO’s commitment for the last year to never sell or distribute BANANA on
the open market to cover operational expenses. If this proposal passes, it has
no direct effect on any BANANA or GNANA holders - the ApeSwap DAO would simply
be leveraging assets it created for itself in order to fund the continuity and
growth of the organization. Frequently Asked Questions Why can’t ApeSwap reduce
expenses? In fact, ApeSwap DAO has reduced its operational expenses, quite
drastically. ApeSwap DAO reduced its operating budget by 50% and parted ways
with multiple core contributors over a year ago when the bear market began. What
is ApeSwap’s current operating budget? While ApeSwap DAO plans to release
financial reports in the future, releasing detailed financial information at
this point in time would materially affect in-progress and future opportunities
for ApeSwap and BANANA holders. What if this proposal fails? ApeSwap will have
to explore ways to fund essential operations that are fundamental to the growth
of ApeSwap, including using BANANA for expenses and/or increasing emissions via
governance to generate more revenue. Similar to other organizations, once
operating funds are all used, the DAO would transition to voluntary service. How
long would POL sustain the DAO? Due to fluctuating revenue, the nature of tokens
and other opportunities being worked on, the core contributors are unsure on the
length it would provide; however, core contributors intend to use as little POL
needed to fund ongoing operations.
8 comments

Proposal Review
11 Threads
Where finalized proposals are posted for final approval before going into
Snapshot voting.

Obie Dobo
0xFAc
•
6/7/2023

Governance Proposal 29: Leveraging ApeSwap POL to Improve Operational Efficiency
Introduction & Context Since the very beginning of the ApeSwap protocol, ApeSwap
has emitted a fixed amount of its native token, BANANA, on a per-block basis. In
total, approximately 5.2 BANANA per block are emitted into circulation, and as
of Governance Proposal 23 , an additional fixed 1 BANANA per block is earmarked
to cover expenses, going into the ApeSwap Treasury. When ApeSwap started, every
operational expense was paid in BANANA (either directly or by swapping for
another token), including core contributor compensation, external vendor
agreements, marketing costs, and all other expenses required to keep the
protocol running and growing. At a certain point (noted below), the ApeSwap DAO
stopped spending BANANA and instead held it in the Treasury on the assumption
that BANANA would be worth more in the future, allowing the DAO to grow in value
and (in the future) pay for more expenses with the same amount of BANANA.
ApeSwap DAO stopped spending BANANA to cover operational expenses on May 9th,
2022. Except for a few giveaways, ApeSwap as an organization has been bearing
the burden of the decrease in BANANA price alongside the community of BANANA
holders. ApeSwap could have avoided this by selling BANANA as it was emitted,
drastically increasing the circulating supply and negatively impacting price,
but instead the organization lost a significant amount of operational runway in
the process in the interest of protecting BANANA holders by holding emitted
BANANA in the Treasury. Inflation is the largest factor contributing to the
decline of the price of BANANA. ApeSwap has tried to be very careful with
emissions of the BANANA token, constantly looking for ways to reduce the rate of
inflation of BANANA instead of leveraging emitted BANANA to create extra revenue
at the expense of the long term health of the token. The impact on price of
selling .7 BANANA/block since May 9th, 2022 and 1 BANANA/block since the Prop 23
passed on Nov 18th would be: (image) Disclaimer: this analysis is based on a
fixed sales pressure coefficient of 100%, assuming all other factors equal. For
illustrative purposes only. In December 2022, ApeSwap DAO passed Governance
Proposal 25, which enabled the organization to tap into a portion of the
protocol-owned liquidity (POL) that was created through the sale of BANANA-based
ApeSwap Bonds (then called BANANA Bills). Specifically, this proposal allows the
organization to use 10% of the POL created from the sale of Bonds that gave
BANANA as the discounted vesting token, excluding any POL made up of LP tokens
that included BANANA as an input token. Summary To ensure the continuity and
growth of the DAO, ApeSwap core contributors propose that this flexibility to
leverage POL for operational expenses be extended to all POL created through the
sale of ApeSwap Bonds. This means all ApeSwap POL would be eligible for use
towards ApeSwap DAO’s operational expenses. Motivation This is a strategy that
aligns closely with ApeSwap DAO’s commitment for the last year to avoid  selling
or distributing BANANA on the open market to cover operational expenses. If this
proposal passes, it has no direct effect on any BANANA or GNANA holders - the
ApeSwap DAO would simply be leveraging assets it created for itself in order to
fund the continuity and growth of the organization. Frequently Asked Questions
Why can’t ApeSwap reduce expenses? In fact, ApeSwap DAO has reduced its
operational expenses, quite drastically. ApeSwap DAO reduced its operating
budget by 50% and parted ways with multiple core contributors over a year ago
when the bear market began. What is ApeSwap’s current operating budget? While
ApeSwap DAO plans to release financial reports in the future, releasing detailed
financial information at this point in time would materially affect in-progress
and future opportunities for ApeSwap and BANANA holders. What if this proposal
fails? ApeSwap will have to explore ways to fund essential operations that are
fundamental to the growth of ApeSwap, including using BANANA for expenses and/or
increasing emissions via governance to generate more revenue. Similar to other
organizations, once operating funds are all used, the DAO would transition to
voluntary service. How long would POL sustain the DAO? Due to fluctuating
revenue, the nature of tokens and other opportunities being worked on, the core
contributors are unsure on the length it would provide; however, core
contributors intend to use as little POL needed to fund ongoing operations.
Options PASS - If this proposal passes, ApeSwap DAO will be able to access
ApeSwap’s protocol-owned liquidity in order to pay for operational expenses.
REJECT - If this proposal is rejected, no changes will be made to how ApeSwap
DAO uses protocol-owned liquidity. Disclaimer ApeSwap products and services are
no longer available to “U.S. Persons”. ApeSwap DAO has advised users that are
U.S. Persons to divest their tokens on ApeSwap and to cease using or accessing
the products and services of DAO. As a result, no U.S. Person may vote on this
Governance Proposal 29.  A “U.S. Person” is a person (as defined in the U.S.
Code of Regulations at 22 C.F.R. § 120.14 (2023)) who is a lawful permanent
resident as defined by 8 U.S.C. § 1101(a)(20) (2023), or who is a protected
individual as defined by 8 U.S.C. § 1324b(a)(3) (2023). It also means any
corporation, business association, partnership, society, trust, or any other
entity, organization or group that is incorporated to do business in the United
States. It also includes any governmental (federal, state or local) entity. It
does not include any foreign person as defined in 22 C.F.R. § 120.16 (2023).
Passed
3 comments



Banaetty
0xA98
•
6/6/2023

Governance Proposal 28: BANANA ROE Improvement
Introduction & Context The key variable in BANANA’s tokenomics that has always
negatively impacted its price the most is BANANA’s emissions rate. Currently,
BANANA is being released into circulation each day until the hard cap of 420M
BANANA is reached. Generally speaking, the price of BANANA will be reflected as
the demand vs supply of the token. If the supply continues to increase without
increasing demand, it could be expected that the price would fall. To combat
this effect, ApeSwap constantly works to reduce emissions through Governance
Proposals and increase utility by improving the protocol through product
development. BANANAs emissions are currently the most efficient they have ever
been. Ever since the DAO voted against a reduction of the total emissions
through the BANANA Emissions Reduction Governance Proposal in June 2021, ApeSwap
has made changes over the last year to adjust where BANANA emissions have been
distributed in order to increase the return on emissions generated by the
protocol and reduce the inflation rate of the BANANA token. The ApeSwap DAO has
been aggressively exploring and enacting ways to reduce BANANA emissions and/or
increase the return on those emissions, including creating an Excess Farm to
retain unnecessarily emitted BANANA, establishing a hard cap on BANANA, and
reducing emissions distributed to Polygon farms and lending network rewards. The
goal is to distribute emitted BANANA to products and features that create
revenue for the DAO, which ultimately has a positive impact on the DAO’s ability
to sustain itself and grow. Through the Gauntlet Emissions Budget Optimization
Governance Proposal passed on June 27th, 2022, ApeSwap DAO created an Excess
Farm that allows the ApeSwap team to collect BANANA emissions deemed as
unnecessary. This practice has saved over 20M BANANA from unnecessarily entering
circulation, and their use will be decided by the community via governance at a
future time. Through Governance Proposal 22 , ApeSwap DAO established a hard cap
on the BANANA token of 420,000,000 tokens and the ability to adjust the
BANANA-BANANA staking pool emissions, which were hard coded into the original
MasterApe contract. Through Governance Proposal 24 , ApeSwap DAO reduced BANANA
used as rewards for the ApeSwap DEX on Polygon from 1 BANANA per block to 0.9
BANANA per block, and reduced BANANA used as rewards on the ApeSwap Lending
Network from 1 BANANA per block to 0.85 BANANA per block. This proposal also
granted the core contributors the flexibility to make further changes to these
allocations. As of May 16th, 2023, ApeSwap DEX rewards for Polygon are at 0.876
BANANA per block, and current ApeSwap Lending Network rewards are at 0.65 BANANA
per block. (image) ApeSwap’s core contributors believe there is still room for
improvement - as supply is still outweighing demand, which could in turn cause
sell pressure. Return on Emissions To calculate the value of emissions, core
contributor ApeGineer leverages a calculation called Return on Emissions (ROE).
Because BANANA tokens are being put into circulation, it’s important to consider
how much return ApeSwap receives based on the value of BANANA emitted. The
return received from BANANA emissions is the net return on the value of the
BANANA emitted, which the ApeSwap protocol uses as described in the
documentation . The chart below showcases ROE and mint allocation across three
time frames, Q3 is July-September 2022, Q4 is October-December 2022 and T1 is
January-April 2023. As you can see every previous proposal has led to a positive
ROE change across the BNB DEX, Polygon DEX and Lending Network. This proposal
looks to reduce the 0% ROE impact of the BANANA-BANANA Pool and help increase
the ROE of GNANA. (image) The graphs below show the daily values and accumulated
value, respectively, of the BANANA emissions saved, as a result of the efforts
ApeSwap has put in place to reduce BANANA emissions, at spot-in-time prices:
(image) (image) (image) Disclaimer: this analysis is based on a fixed sales
pressure coefficient of 30%, assuming all other factors equal. For illustrative
purposes only. BANANA-BANANA Staking Pool Emissions Relative to other BANANA
emissions, the return on emissions distributed to the BANANA-BANANA Staking Pool
is effectively zero - they represent a pure expense to the protocol, with no
utility other than to serve as a reward to BANANA holders. The BANANA-BANANA
Staking Pool is one of the few products to which emissions distributions have
remained constant as the macro and internal factors affecting the DAO have
changed, partially because the output was hard-coded into V1 of the protocol.
The V2 hard cap migration, which established the maximum supply of the BANANA
token, allowed for the first adjustments to the BANANA-BANANA Staking Pool
(since the pool will eventually need to be turned off to enact the hard cap). As
of May 16th, 2023, ApeSwap is currently emitting 2.136 BANANA per block to fund
rewards for the BANANA-BANANA Staking Pool. The ApeSwap team of core
contributors propose that the ApeSwap DAO reduce emissions to the BANANA-BANANA
Staking Pool and redistribute them to other products. Summary Governance
Proposal 28 highlights the need to reduce emissions to the BANANA-BANANA Staking
Pool and reallocate them to other products, specifically the GNANA-BANANA
Staking Pool. This adjustment aims to improve the return on emissions, align
incentives between users and the DAO, and mitigate the negative impact on the
token price. This proposal also highlights the progress made in reducing
emissions through previous governance decisions and emphasizes the importance of
sustainable growth for the ApeSwap protocol. Similar to the additional
flexibility given to the core contributors (specifically, the dexenomics team)
to make further changes to Yield Farm emissions, if this proposal passes, the
dexenomics team will be granted the discretion to make additional changes to the
distribution of emissions to the BANANA-BANANA Staking Pool and the GNANA-BANANA
Staking Pool. Motivation GNANA serves multiple purposes within the ApeSwap
ecosystem, one of which is to reward committed users of the protocol with
exclusive product offerings. Users convert BANANA to GNANA, participating in a
key burn mechanism in the process, and in return, are able to use their GNANA in
exclusive products like Staking Pools set up with partners specifically for
GNANA holders, Real Yield GNANA Staking Pools (pending Governance Proposal 27 ),
and of course, the GNANA-BANANA Staking Pool. Allocating more emissions to a
product that employs a burn mechanism serves not only to further reward the most
committed members of the ApeSwap community, but also all BANANA holders as a
collective, because the protocol’s return on emissions for those reallocated
BANANA emissions is much higher and has a less direct negative impact on the
token price of BANANA. Passing this governance proposal at the same time as
Proposal 27, which creates a real yield mechanism for distributing DEX revenue
to those that stake GNANA, also ensures that more users can take advantage of
the opportunities created through these Staking Pools. Shifting emissions
towards the GNANA-BANANA Staking Pool more effectively aligns incentives between
individual users and the DAO as a whole, and generates a higher return on
emissions. Due to the V2 migration, the GNANA-BANANA Staking Pool must be
created as a new pool, and the current GNANA-BANANA Staking Pool will be
deprecated if this proposal passes. This is a technical limitation that cannot
be avoided - GNANA holders, stakers, and voters on this proposal must be aware
that the GNANA reflect fee cannot be disengaged if they desire to go from
staking in the original GNANA-BANANA Staking Pool to this new GNANA-BANANA
Staking Pool that would be created with the passage of this proposal. If this
proposal passes, the APR of the BANANA-BANANA Pool will decrease if the total
BANANA staked remains constant. Options PASS - If this proposal passes, increase
the BANANA emissions distributed to the GNANA-BANANA Staking Pool from 0.15
BANANA per block to 1 Banana per Block by reducing the Banana emission
distributed to the BANANA-BANANA Staking Pool from current rate of 2.13 Banana
per block to 1 banana per block. The excess .286 BANANA per block would no
longer be emitted. After this adjustment, further adjustments to the emissions
distributed to the BANANA-BANANA Staking Pool and the GNANA-BANANA Staking Pool
will be at the discretion of the ApeSwap dexonomics team (similar to the
discretion over Yield Farm emissions) to ensure the highest ROE. REJECT - If
this proposal is rejected, no changes would be made to the BANANA emissions
distributed to the GNANA-BANANA Staking Pool or the BANANA-BANANA Staking Pool.
Disclaimer ApeSwap products and services are no longer available to “U.S.
Persons”. ApeSwap DAO has advised users that are U.S. Persons to divest their
tokens on ApeSwap and to cease using or accessing the products and services of
DAO. As a result, no U.S. Person may vote on this Governance Proposal 28.  A
“U.S. Person” is a person (as defined in the U.S. Code of Regulations at 22
C.F.R. § 120.14 (2023)) who is a lawful permanent resident as defined by 8
U.S.C. § 1101(a)(20) (2023), or who is a protected individual as defined by 8
U.S.C. § 1324b(a)(3) (2023). It also means any corporation, business
association, partnership, society, trust, or any other entity, organization or
group that is incorporated to do business in the United States. It also includes
any governmental (federal, state or local) entity. It does not include any
foreign person as defined in 22 C.F.R. § 120.16 (2023).
Passed
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