I think it is critical to have a well planned

Question

I think it is critical to have a well planned

incentive program to be able to compete with the other dex on IBC ( osmo and SIF) as well as other dex on other chains if we are planning to bring on more TVL and adoption to emeris.

In my opinion Emeris and IBC are brand new protocols and we need to take an aggressive yet strategic, approach in increasing the TVL and adoption for the longer term success of gravity dex, IBC and the overall cosmos ecosystem.

The proposal in its current form is risking the staking rewards and risking exodus of guys who are delegating atom in lieu of the inflation rewards.

Emeris and IBC are brand new protocols and it is quite unfortunate that barely 5-10% of the crypto community even know about them even though the tech is superior to most out there.

In my opinion we should not try and scrape LP incentives from the current inflation rewards and try and raise inflation to 11-12% for the first 6-9 months from the current 7% and use the additional 4-5% for the LP incentives for emeris.
A mere 4-5% in 6-9 months would not be a whole lot at all and will not affect circulating supply too much.
The additional incentive will bring more eyes and visibility to atom IBC and emeris without risking delegators to exit and find yields some place else.

The TVL should go up enough which will increase the token price and market cap of atom. So the extra 4-5% inflation for the first 6-9 months will not even be felt as the price will go up substantially and new adoption will come into the cosmos ecosystem especially to the hub.

This is not the time to be conservative in my opinion. We need more eyes, visibility and adoption for emeris and IBC and don’t want to get lost in this race to legitimacy. We need to do things strategically and in line with what the market wants currently. And the market right now is willing to reward and adopt ecosystem which are willing to reward early users.
Once emeris and IBC gains momentum over the 6-9 months then it will be a domino effect and TVL will continue to stay and even grow without having to continue with the 4-5% extra inflation. At that point the inflation LP incentives can be decreased.

The more the TVL and more the volume and liquidity on emeris, the more probability that other chains listed on emeris dex will wanna do a dual LP incentive program along with atom which will further grow the TVL and adoption.

Thought?

#atom #blockchain #cryptocurrency #english

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11.10.2021

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Tony DJ · Accepted Answer

Tony DJ

Brilliant. I subjected similar idea during one of fantoms AMA, the foundation leaders put to use. look at fantom now. In crypto you use yield to build community and if the tech is good most will stay

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11.10.2021

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I think it is critical to have a well planned

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