End all farming rewards

I believe most of the points in your list should be proved by real numbers. Did you calculated how big is AMM governance rewards comparing to Aggregation rewards? But how this would be changed if 1LP AMM would grow 10x in TVL? Please provide something we could rely on before making such critical decisions.

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I assume you are k06a from the team, not sure but if you are, welcome :slight_smile:

No, I don’t have the exact numbers and would be happy to have my assumptions proven wrong by the team.

What if it goes -50%? I don’t think making wild 10x assumptions is a good way to make governance decisions.

I am hoping the team members can join in and together we can get more accurate numbers and make an informed decision. Our goals are aligned :slight_smile:

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i believe that farm rewards or any kind of reward for people who invest in 1inch should be split into payments that are sent out periodically… so if you invest in 1inch longer, you get more rewards in the long run… making it virtually impossible for people to leave because if they do, they miss out on the rewards they will be receiving in the long run…this way only the rewards received can be sold, and not the entire staked amount…

ie…

if I have 20k usd and i invest into some new farming option (say, the new opium farming) and i start collecting these rewards and i decide to unstake and go sell… in this case, i would lose all future rewards and miss out on being able to simply sell extra rewards while keeping original 20k invested in stake/farming…

if they make it a long term airdrop or whatever you wanna call it, they can ensure that people stick around for the rewards and dont end up abandoning the project because the “airdrop is over”…

am i making sense???

make the rewards a periodic reward system, and let all users know that the longer they stay in, the longer they will be receiving some kind of reward, also, have a list of ways to earn rewards by becoming part of the 1inch ecosystem (some point based system, perhaps)… So, instead of selling all staked positions and received rewards, people can simply sell (if they want to) their rewards received (long as they keep the original amount invested), knowing that more is coming… this will minimize people who sell all their positions and exit 1inch…shouldn’t it?

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How about introducing boost to farming rewards by locking your 1inch tokens in governance module? Or locking your liquidity in pools for a specific period of time?

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i agree with locking but the thing is, locking can hurt people if they end up having emergencies and need their locked money… i am fully invested into crypto, after having 21k usd stolen from me (see profile info) so i am always investing with 100% of my money… i think that people should have warning messages when trying to unstake ( “You will forfeit future rewards to your fellow 1incher’s, are you sure you want to miss out?” Unstake) lol. I believe that the locked option might be good, long as there is an option to unlock and lose a certain amount of tokens in the process… So lets say i choose to unlock or unstake my 20k 1inch prematurely… i accept to forfeit 10% of my tokens as a penalty… that would be cool… making people who come in to abuse the system, pay the rest of us for doing so… who agrees?

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What you’re talking about is very similar to how Opium does their drOpium rewards. I think it is a great model and something we should consider.

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the lower return on LP of 1inch is to incentivize farming to be a longer play than just providing liquidity, also why the APYs are/can be so high ( some times ridiculously high when the amount in the farming pool is lower. this incentivize user to start farming, and also to move or add to farming pairs with less value staked) incentives to entice users to do everything in-house as apposed to on other projects

I hear what you’re saying and agree, but when the farms only run for 1 month, how could it be a long term play? You have to realize the IL when you exit the pool. Feb 8 rewards end for v1.1 farms, no? If Ethereum doesn’t pump to high hell by then, we are screwed haha.

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Where did you read this info?

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When they announced 1.1 farms they said it would be for 1 month, Jan 7 - Feb 8… here is a random link to an article on it. 1inch Launches New Liquidity Mining Program and Releases Liquidity Protocol 1.1 • CryptoMode

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Looks like we didn’t even make it until the 8th… what’s up with that? Ugh…

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4 weeks from Jan 9 would be Feb 6 (00:00 UTC) which is what it ran, isn’t it?

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How are the farming promotion rewards distributed?

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Yeah that makes farming a loss to the pair holders

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