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Swop.fi is an instant crypto exchange based on smart contracts (AMM). Twitter : https://twitter.com/Swopfi Medium : https://medium.com/swop-fi Support group in Russian: https://t.me/swopfi_ru
We're not suggesting getting rid of rewards in farming, we're suggesting a slight change to this rule.
Users who exchange and users who put liquidity into the pool are often different people, which means that pool investors do not directly influence the increase in volumes.
Also pool investors do not just want to be rewarded for farming. To do so, they bought/received SWOP tokens, invested them, and vote their pool weight. At the current moment, their efforts are completely devalued due to lack of volume.
Our proposal is to not completely devalue investors' efforts, but instead reward them for their dedication to a particular pair. If the new rules come into force, pools with a volume of less than $2000 will start to receive very small rewards, which will have almost no effect on the rewards of large pools, but such rewards will motivate not only to stay in the pool, but also to increase its liquidity, as well as will motivate to give more votes to the pool, because even because of the reduction coefficient the reward in the pool directly depends on the number of votes.
Once again I emphasize that in order to get rewarded in farming is not enough only volumes, but for the pool also need to vote, for which in turn must be available gSWOP.
📢 Attention $SWOP stakers!
We are conducting a survey on changing the rule for reducing pool weights based on trading volume. We propose to allocate SWOP rewards to all pools with a trading volume above 0 and to make the weight reduction scale smoother.
🗳 Vote at the link!
Unfortunately, we have not yet been able to solve the problem. We will let you know when it is fixed.
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maximum supply? Can you give information about the subject?
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Do you currently have any other projects aimed at coin recognition?
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Will 21 percent of the coins in circulation be burned or will the 21 percent in my boss's hand be burned?
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Because many unknown cryptos that burned coins exploded in the short term.
Seems stupid to get rid of farming rewards why not just scale it
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The wording 'survey' is rather misleading, last survey I thought you are only measuring the sentiment, but in actuality it is a vote for changes in the protocol.
https://dictionary.cambridge.org/dictionary/english/survey
Any eta? ducks has sadly a few dependencies on swop, part of the TDEBT
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we will think where to post this info and info about burning.
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for now we thinking about that. stay tuned for more news
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21% of total swap fees will burn every governance airdrop
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In terms of swap supply
I think burning 6 million low coins is not the solution.