Title: Proposal to Increase V1 SAUCE/GRELF Farm Weight from 0.3% to 1%
Author(s): UgOs and the GRELF community
SaucerSwap Voting Interface: n/a
Related Discussions: n/a
Submission Date: [Date]
Main Paragraphs
- Summary:
We propose increasing the farm weight for the V1 SAUCE/GRELF pool from 0.3% to 1%. 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 to 1% 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 to 1% 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 the 0.7% Increase for GRELF:
HBAR/PACK: from 1.2% to 1.05% = -0.15%
HBAR/JAM: from 0.3% to 0.15% = -0.15%
HBAR/CLXY: from 0.3% to 0.15% = -0.15%
HBAR/HST: from 1% to 0.9% = -0.10%
HBAR/LCX: from 0.9% to 0.85% = -0.05%
HBAR/HBARX: from 10.10% to 10.05% = -0.05%
SAUCE/SpaceApe: from 0.05% to 0% = -0.05%
SAUCE/GRELF: from 0.3% to 1% = +0.70%
- 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 from 0.3% to 1%.
- Against: Keep the farm weight of the SAUCE/GRELF pool at 0.3%.
We encourage the community to vote in favor of this adjustment to enhance GRELF’s growth and impact.