Hey there, just got sent over here by Nick. LMK if I’m in the wrong spot.
LOVE what ya’ll are building at NFTx. Magical. Especially powerful for this use case that we dreamed up, with a card trading / set-making game in which nothing is rare mathematically…but everything is valuable each person for different reasons to complete their sets.
Proposal: lower the effective premium for “swapping” a GM with the pool from 25% to 20%
Today the premiums are :
• 10% to Sell (receive 0.9x the floor price)
• 15% to Buy (pay 1.15x the floor)
I’d like to reward players who are actively swapping with the pool, while still keeping the premiums high enough to motivate the liquidity providers to stake Mana and ETH. Without the LPs putting in Mana and ETH, the pool would go away.
So I’m proposing to change fees to:
13% to Sell (receive 0.87x the floor price)
7% to Buy (pay 1.07x the floor price)
And 2% for a Random Buy (pay 1.02 to pick a random GM from the pool)
Right now, the LPs in the pool are:
21.6% me (voted yes)
19% @Tondy (voted yes)
10% the Genesis Project itself
15 other wallets (not sure who is who)
5% 0xminion (voted yes)
3% Awaxman (voted yes)
The others I don’t know, including the top one who owns 20%
There were no “no” votes.
So while this proposal lowers the premiums for the LPs, we think it will help the community + it’s in the spirit of the values and vibes of this project to do this.
This whole thing is a grand experiment, and the NFTx pool has become a critical tool to help us all play and win this collaborative game together.
Sending a full screenshot of our Discord and official vote to back it up.