Dear Riders,
Thank you for a great discussion and valuable contributions!
You’ve proposed some interesting ideas so let’s provide some feedback:
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Technically, the idea is feasible. Our suggestion would be to adjust the mechanics and maths of WRT Boosting Vault, to incentivize the long-term holders (those who do not harvest to the wallet) based on the agreed parameters. We would not go by implementing any new feature on top of the Yield Farming and Boosting, as introducing an additional layer would negatively impact the UX.
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With respect to the “bonus” incentives that would apply to long-term holders, special care should be taken to balance the sustainable WRT token emissions and the bonus. It can be
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that the longer you hold, the higher bonus incentive you get, but it shall be capped at a reasonable max bonus. We would suggest doing a precise model and capping the max incentive at e.g. 10-15%
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With this being said, there should also be more focus on bringing additional utilities for the WRT token to increase its value and thus the yield. There is a new WRT utility for launchpad going out very soon. We hope that by bringing some more impactful projects and successful launches, the value of WRT will be positively impacted.
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With regard to the buyback program - this is currently not feasible due to the following reasons:
- With the current tokens in circulation and available yield farming tokens (for approx. 3 years), there are sustainable rewards countered with reasonable sales pressure.
- For the buyback program to be effective (significantly impact the overall demand), it would require costs that cannot be afforded with the current platform revenues, as such costs would jeopardise platform operations from a financial perspective.