Title: Proposal to Increase V1 SAUCE/GRELF Farm Weight
Author(s): UgOs and the GRELF community
SaucerSwap Voting Interface: n/a
Related Discussions: (RFC - [Proposal to Increase V1 SAUCE/GRELF Farm Weight from 0.3% to 1%])
Submission Date: September 04, 2024
Main Paragraphs
- Summary:
We propose increasing the farm weight for the V1 SAUCE/GRELF. As the fourth-largest SAUCE pool and a key player in the Hedera ecosystem, this adjustment will better align the farm weight with GRELF’s impact, boosting its growth and community engagement.
- Abstract:
Since its 2022 launch, GRELF has rapidly emerged as a notable HTS token on Hedera. Co-leading the Thrive Hedera incentive and featured on shows like Hashgraph Enthusiast, GRELF’s influence is significant. Guided by Warlock—a dedicated developer, artist, and voice behind Saucerswap tutorials—GRELF’s impact is well-established. Increasing the farm weight will elevate its visibility and further strengthen its role in the ecosystem.
- Motivation:
GRELF has shown impressive growth and strong community support within Hedera. With the GRELF community holding a substantial amount of SAUCE, increasing the farm weight will better reflect GRELF’s contributions, incentivizing further investment and acknowledging the community’s commitment.
- Specification & Rationale:
Increased Liquidity and Stability: Raising the farm weight will attract more liquidity providers to the SAUCE/GRELF pool, improving its liquidity and stability. This will reduce volatility and make GRELF a more attractive long-term investment.
Community Engagement: This adjustment will reward GRELF’s dedicated community, recognizing their efforts and offering additional incentives for continued involvement, further energizing the ecosystem.
Ecosystem Growth: GRELF’s organic growth, marked by a loyal community, is evident in its status as the fourth-largest Sauce pool. With a significant portion of emissions reinvested, increasing the farm weight will amplify GRELF’s influence and positively impact the ecosystem’s expansion.
HTS Farm Weight Adjustments to Accommodate for the GRELF increase:
Reduce the V1 farm weight for HBAR/JAM by 1/2 as it underperforms significantly in liquidity compared to emissions.
Reduce the V1 farm weight for HBAR/CLXY by 1/2 for similar reasons as HBAR/JAM.
Reduce the V1 farm weight for HBAR/PACK by 1/10 due to its slight underperformance in liquidity compared to emissions.
Reduce the V1 farm weight for HBAR/LCX by 1/10 as it underperforms in liquidity relative to emissions.
Remove the V1 SAUCE/SpaceApe farm due to its low liquidity.
- Benefits (Pros):
Enhanced Liquidity: Improved trading conditions, reduced slippage, and encouragement of long-term investment in the GRELF pool.
Stronger Community Engagement: Increased involvement and enthusiasm from the GRELF community, fostering a more vibrant and active user base
- Downside (Cons):
Reduced Farm Weight for Other Pools: The redistribution may decrease incentives for other pools, potentially impacting their liquidity.
- Voting:
- For: Increase the farm weight of the SAUCE/GRELF pool
- Against: Keep the farm weight of the SAUCE/GRELF pool
We encourage the community to vote in favor of this adjustment to enhance GRELF’s growth and impact.