Proposal for Treasury Funds

Below are just some quick initial thoughts that the funds could maybe be used for to help grow Pangolin and PNG.

Half of the funds not claimed by the airdrop go towards covering further development costs - Held in escrow and released gradually where rewards are based on contributions to the project.

Activate the 0.05% switch but rather then the funds go to cover development costs they get used to buy PNG at the market rate which can then be used for further rewards through liquidity mining in the future.

Have a 12 month period where the number of pools earning PNG is doubled or tripled to bring more liquidity into the platform. The reward rate of PNG could be increased during this duration (which the other half of the tokens could be put towards) and by having more liquidity and more users on the platform, then more fees will be generated across the different pairs and combined with the 0.05% fee to buy PNG then this will help appreciate the price / offset the increase in inflation through increased rewards. The newly selected pools could be reviewed more frequently to incentivise performing tokens / pools and any newly released tokens

Not really part of the governance decision but the implementation of being able to stake locked AVAX will help with the liquidity immensely.

Initial growth is going to be important and there’s going to be a lot of competition which is only going to increase. I personally think the above changes would help achieve rapid growth when combined with the benefits Avalanche platform provides.

Other nice to haves (maybe as part of the buying back PNG with the 0.05% fee a small % of that is used to donate to help save Pangolins which would be a great cause but also benefit from marketing.

Maybe tie it all in with something along the lines of Pangolin Conservation - offering more pools, create more PNG and help save real life pangolins.

This would also have the sort of effect people are really after with the burning of the tokens. Circulating supply will not increase much. The developer tokens would be locked / released gradually. The other half would be locked / released gradually like with the other liquidity mining rewards.But rather than just waste them, this would provide more options to rapidly expand the platform imo

17 Likes

Great ideas. It would be nice to put some numbers to it. I feel we need to distribute more tokens to liquidy providers relatively soon, as our current supply is small and our liquidy outside of PNG rewarded pools needs stimulating. PNG liquidity pair rewards will increase PNG demand inline with it’s supply, which is beneficial to everyone. In this space providers require high returns, but when they get them they move quick.

1 Like

months til decisions are made and actually realized feels like an eternity in crypto.
we need more liquidity and accelerate Pangolin faster or we risk losing the first mover advantage. maybe first proposal should be to get governance asap.

also overall I like the Seq proposal, its reasonable and not greedy and helps the platform grow.

2 Likes

Great ideas from great brain,

Some couple of personal comments from my end.

Png Prices seems really low comparing other legit decentralized exchanges so %50 non-claimed will be so huge on monetary vise soon, so this amount seems huge, even %10-15 of unclaimed to cover development cost will be sufficient for platform, held in escrow and gradually raised, if not enough, lets say after 2 years later (hypothetically), community will eventually find a way to support developers in the future by simply offering another proposals.

“Activate the 0.05% switch but rather then the funds go to cover development costs they get used to buy PNG at the market rate which can then be used for further rewards through liquidity mining in the future.”

This will help to protect PNG value to sink even selling as chunk. So fully agree on that.

“Have a 12 month period where the number of pools earning PNG is doubled or tripled to bring more liquidity into the platform. The reward rate of PNG could be increased during this duration (which the other half of the tokens could be put towards) and by having more liquidity and more users on the platform, then more fees will be generated across the different pairs and combined with the 0.05% fee to buy PNG then this will help appreciate the price / offset the increase in inflation through increased rewards. The newly selected pools could be reviewed more frequently to incentivise performing tokens / pools and any newly released tokens”

That will be more beneficial for only PNG pools to incentive more on PNG rewards, considering all users as well OK to protect Avax price proposing something like AVAX/PNG pool gets X3 and other PNG Pools gets X2 rewards for remaining %90-85 un-claimed, that kind of extras should not required to do heavily but it seems we will have enough un-claimed PNG tokens to distribute within 2 years period only on PNG pools.

“Other nice to haves (maybe as part of the buying back PNG with the 0.05% fee a small % of that is used to donate to help save Pangolins which would be a great cause but also benefit from marketing.”

Totally support that, we won’t even feel the impact of our accounts by helping animals near extinction, not looking at marketing perspective tbh, I do not care about marketing those, but those kind of helps individually extremely small means a lot for Pangolins and Pango’s ecosystem. Sometimes we are just sitting in front of the computer earning/losing lots of money but forget things all around the world. If we are ok to exchange our digital assets on Pangolin name, it’s our responsibility to help them. So further if this dex helps to save Pangos, we may seek of another animals near extinction as community (amur leopards, hawksbill turtles, see lions etc…) by simply swapping digital assets without feeling the impact on our accounts.

If any proposals around numbers mentioned, I’ll support the proposal with my whole accounts as YES.

2 Likes