Proposal “ds-liquidity-v2“ (Completed)Back
| Title: | Liquidity Providers v2 |
| Owner: | babygiraffe |
| Monthly amount: | 49 DASH (1729 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.
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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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.