As part of our upcoming new Tokenomics, which we will be putting to vote soon, I thought it prudent to discuss the emission implications.
We need to set up the initial multipliers for the on chain proposal and as such we did a lot of work and research into what that looks like.
A few key points
- Trader Joe highlighted how poor the initial tokenomics was designed and we need to ensure we remain competitive within this heightened competitive environment
- Pangolin has a reputation as looking after the community. At what point does this negatively impact our ability to compete in terms of emissions?
- I’ve come up with a draft classification system, that I’m proposing to use in the on chain governance
- It’s a draft and only valid for the first two weeks on the new tokenomics
- After the first two weeks of the new Tokenomics being live, we will look to implement a fortnightly revision of emissions
- As part of the on chain proposal we will also propose to include 2 million PNG from the Community Treasury to boost APR’s
Please note you can find the current Emissions proposal here.
We have classified projects into 3 categories for the initial emissions
A maxim from Jurgen Klopp I’m particularly fond of:
We have a bow and arrow, and if we aim exactly right, we can strike. It feels like Bayern have a bazooka, so the chances of them striking are much higher. But still, that was how Robin Hood succeeded.
This is why in the short term, strategically it makes sense to reward big projects in the ecosystem with high volume.
I think, personally, it’s contrarian to the ethos we’ve created at Pangolin. However, for Pangolin to survive and thrive, we must be competitive in the short term.
I thus, understand the practicalities and the pragmatist in me feels it’s the right decision.
However, I’m hoping this will inspire robust, strong debate from smaller projects. What can Pangolin do for your projects to ensure we have a diverse ecosystem, that fosters innovation and instils solidarity and not division. These are valuable aspirations and ones, we should embrace.
Here’s the initial proposed emissions:
If you strongly disagree, please let’s keep it respectful. Just because you disagree with something does not give you the right to act like a savage.
Every two weeks we will revise the emission schedule and release communication with the proposed changes, we will then give the community and projects two days to voice their concerns or pleasure on the Forum.
In future emissions we will move to a simulated Mainnet AI driven platform.
We’ve talked to both Gauntlet and Chaos Labs and for future emissions strategies we’ll rely on a data driven approach. The parameters of that approach will be released as soon as we’ve formally engaged with our partner of choice.