Proposal “ds-liquidity-v2“ (Completed)Back

Title:Liquidity Providers v2
Owner:babygiraffe
Monthly amount: 49 DASH (4601 USD)
Completed payments: 2 totaling in 98 DASH (0 month remaining)
Payment start/end: 2016-05-07 / 2016-07-21 (added on 2016-04-14)
Final voting deadline: in passed
Votes: 1238 Yes / 129 No / 0 Abstain
External information: www.dashwhale.org/p/ds-liquidity-v2

Proposal description

This is a cross-post from https://dashtalk.org/threads/proposal-ds-liquidity-providers-v2.8668/

The liquidity provider team supports the network by providing liquidity for mixing on the network. Results for mixing on the network have resulted in dramatically shorter mixing times, which in the past could have taken as long as a few days to complete.

Unfortunately, the Liquidity Provider proposal has failed to fund for the past couple of months, putting these services at risk. One of the recent sources of objection to the proposal is the cost. Since the proposal was first created, the price of Dash has increased over 200%, so the cost concern is valid.

To address this concern and (we hope) return the proposal to funded status, we are resubmitting the Liquidity Providers proposal for the next two months to replace the existing proposal, adjusted for the current price. After two months, we should be on the new budget system. The new adjusted amount requested is 46.37 Dash per month for May and June. This consists of:

1) $300 / mo. for liquidity providers @ $6.47 / Dash
- Uses most recent available average price from April 13th on https://bitinfocharts.com/comparison/price-dash.html´╗┐
- Uses the $300 amount from the original liquidity provider proposal

2) 2.5 Dash / month to reimburse my cost of submitting the proposal

This proposal will allow our liquidity provider team to continue facilitating coin mixing on the network while addressing the cost concerns causing the current proposal to go unfunded.

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Discussion: Should we fund this proposal?

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0 points,1 year ago
Voting yes
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0 points,1 year ago
Hey guys, please vote yes on this. It's a big reduction in original contract, so the network is "saving" funds - and remember the Liquidity providers, who have been running wallets since September, have only gotten 3 payments all this time because it kept getting squeezed out (2 in the old contract), and last month, Evan forgot to reinstate his votes (they were off to make room for another budget item the month before) so the Liquidity providers missed out on another payment. Liquidity Providers have to expose their wallets to the internet and keep them running plus pay for fees. Please show 'em some love here!
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0 points,1 year ago
yes
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0 points,1 year ago
i will wait with voting yes untill original budget proposal (https://www.dashwhale.org/p/ds-liquidity)
gets below 10% as we cant have two of the same budget proposals handling Liquidity Providers .. its either this one or the original one but not both.
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