Counterproposal to current vote: Would you vote for a proposal to increase the MinSwap staking rewards to reward existing holders of MinSwap? For each reduction in the daily FARMING rewards, the equal amount of STAKING REWARDS should be added. In addition there needs to be a forum and discussion on the timeline to unlock the total value of MinSwap and put the remaining 1.58 billion MinSwap into circulation.
The current proposal to reduce farming rewards cannot pass without a discussion of what is the timeline to unlock/release the remaining 1.58 BILLION remaining MinSwap that are not yet in circulation.
What is the benefit of doing this? Is the benefit, to increase the price of $MIN for the existing holders and WHALES
so that their holding value and share of swap fees goes up. When you look at the total value locked on $MIN compared to UniSwap the $ADA 125 million (0.6% of ADA market cap value) locked on MinSwap vs. $4.0 BILLION locked on UniSwap (1.8% vs. $ETH market cap) the value locked on $MIN is incredibly low!!! We NEED TO FOCUS ON ATTRACTING MORE CAPITAL!!! WE NEED MORE TVL on $MIN FIRST!!!
IT IS WAY TOO EARLY TO DROP THE $MIN emissions this low!!! At the current rate of 100k emissions per day or 36.5 million new $MIN unlocked per year plus say 5,000 from staking rewards, is only 38.32 million new $MIN created per year! At this rate with 1.58 billion $MIN still locked up and not in circulation, it will take 42 YEARS to unlock the rest! YES THAT IS FORTY TWO YEARS!!!
105,000 MinSwap created / released into circulation each day (100K Farming + 5K Staking)
105,000 x 365 days per year = 38.325 million MinSwap released into circulation per year
1,580,000,000 MinSwap not yet in circulation / 38.32 MinSwap released per year
= 41.2 years to put all 3.0 BILLION MinSwap into circulation
Will the yield go up on staking rewards with the value not released by farming translated to additional staking rewards and additional staking yield? I would see that as a value as giving that higher yield to only people willing to lock their stake for 9-months would create price stability for MinSwap.
VOTE NO - Support the small shrimp and those who want to be bigger fish!!!
![]()
This proposal cannot pass without a discussion of what is the timeline to unlock the remaining 1.58 BILLION remaining MinSwap that are not yet in circulation.