Changing key pair reward multipliers

Universal Guidelines

  1. $50k+ in token liquidity on Pangolin
  2. $25M+ current market cap (across all networks) - $1 Billion
  3. Avalanche Native or Building on Avalanche - C-chain integration for on-ramp and off-ramp of fiat
  4. Partnered with Pangolin

I think meets 2/4… Easily could be all 4.

The integration with other platforms is a real consideration.

1 Like

Hello all,

Good to be active on the forum back.

I am afraid this is a very bad strategy. The reason Joe got the liquidty is our nemesis Sam has decided to go there and manipulate it. Only in 3 Joe liquidity pools (namely eth-avax, btc-avax and link-avax) Sam has 34 million USD worth of balance with an average of approximately 80% apy.

I don’t want Sam back. Right now he earns around 15K png per day. Please do not give him any chance to manipulate png price anymore.

As you always mentioned dear Justin, let’s make pangolin attractive by adding value to it. 10x is just a recipe for another price disaster.

If this is true, and liquidity coming from one wallet or two, then I would have an agreement with this if it is due to manipulation. This may change my original thought of acceptance for this but want to see the proof.

The snapshot vote is up: Snapshot

Voting will last 2 days

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This is the second proposal I am against. First one was the rushed and not well prepared CEX listing.

I hope I am wrong this time.

A business leaders should try at all cost to avoid making decisions with immediate stock price (token) as the priority. This is an example of “agency cost”; agency cost is where leaders make decisions that appeal to themselves rather the firm: e.g. a CEO locates an office closer to his home rather than where best for the business; or where managers who are compensated based on quarterly stock price performance forego beneficial R&D projects that pay off in the longer term (when that manager is possibly no longer at the firm). This then leaves the firm (and price) vulnerable to entrants with newer technology.

This proposal speaks to the longer term strength and competitiveness of Pangolin, and ultimately a stronger token price.

4 Likes

It’s a great point. Do you know the project team? If you could introduce me I could follow up

My personal take is that without volume and liquidity, we’re not a viable DEX. It’s our foundational aspect and everything builds from there.

If you look at the Liquidity in AVAX for Pangolin


You can see a sharp decline.

What this means, is that bots and automated trading will naturally progress to the DEX with the least slippage and price impact. That then means we lose volume, which means we lose revenue. It’s a vicious cycle and one we have to manage proactively.

2 Likes

Alright. I will vote “for” but please consider a quick-response-plan-B in case things go downhill.

Never centralized, but why not create a special vote system. For exemple, this type of vote can be use to boost reactivity of Pangolin. Yes because reactivity and speed is really important to catch liquidity on Pangolin, DeFi space don’t wait us, people want money, now, and if it’s necessary people go out quickly.

We can create new type of special vote, the goal is can do action quickly when it’s really necessary.
The during of this special vote can be really short. But we need create security of legitimacy, for exemple, significant number of different adresse to vote, big number of PNG, or other possibility.

Create legitimacy is important, because for example in my country in french, politics men vote new law during the night when peoples sleeping for do bad thing.
We must be efficient and reactive in our decisions but not like the French politicians.

@Leo_Pangolin

Yes i’m agree.
Is important decision, i personally use AVAX - ETH.e since start of Pangolin, and i’m confused about the bad profitability of this pool since few time. I stay here and not move elsewhere because i love pangolin.
But the majority of people are not here for love but to do business.
AVAX/ETH is strategic pools and we need more distribution.
It the same for stablecoin.

We need big boys for big liquidity, and big boy don’t love “shitcoin” or newcomer, the risk is too hight.

And how you prevent whale manipulation? like what happened last time.
Adding more APY to strategic pairs to stay competitive is just a short term solution.
To stay Competitive Pangolin need more development and give more Services.
Here are some Suggestion feel free to expand it and make proposal if you like them :

1 - native auto compounding option.At the moment others are doing it and adding value to their own oken by fees, we can do it and save the fees for the treasury

2 - Tier based APY for LONG term HOLDERS via NFTs More Details

3 -Getting into Money market and launchpads with staking Single asset PNG(like Pancake)
Maybe some Partnering with Benqi or feature AAVE, Curve to add them in the UI and take some fee on each transaction as commission

4 -Gamification , Lottery, to add to the treasury or buy back and burn

2 Likes

This is a good suggestion

What is the next step to launch that change ?

Its live!

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Now pangolin is amazing place to make money with best level of security ! To the moon :rocket:

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I can modify my “Dynamic Time-Weighted Quadratic Voting” suggestion and integrate it into NFT tier creation.

The amm leader is a uniswap, I propose to upgrade the protocol to the amm V3 level

As soon as you upgrade, the problems will disappear immediately

Developers need to set up an avalanche bridge for all coins that are in the Ethereum network, integration and transfers between centralized exchanges and avalanche.