You are too focused on the number 0.78%, that was just an oversimplified example based on 2 people that are staking.
Imagine you have a pie every 8 hours, you distribute this pie to everybody that stays in line.
So you are going to distribute slightly bigger pieces to the people that stayed in line more than others, but everyone is still going to get a piece.
1 Like
Yeah, that’s fine, but you’re saying you wouldn’t even start getting a bonus until THOUSANDS of newcomers come. Those newcomers would get a lower APY than what we have now, offsetting the boosted users APY. Doesn’t seem like a great marketing idea to get newcomers. But they would eventually get boosted up adding more to that end of the spectrum. So you would need even MORE new stakers to to offset, because you just added a ton of boosted users.
This just doesn’t work.
I understand how it works with your pie. See above
2 Likes
Yes, that is true, but lets be realistic, not everyone that is staked right now will stay staked for 1 whole year. And the point is, that if newcomers would come now, the APY would drop anyways, because thats the way it works, more mouths to feed, less food per person, That works with every project. What the strategy that I described does, is rewarding the ones that staked for 1 year with more reward than the ones that stake for 1 day, or 1 week and then sell.
More new stakers to offset what? The APY drop ?
New stakers always means lower APY, doesnt matter if there is boost or no boost.
To increase the APY people need to be minting. And if there is going to be boosted rebase and normal rebase, minting is going to be more profitable, so it will bump up the base rebase and boosted rebase as well.
Can we write a proposal on this and get it implemented. I’m 100% onboard with this.
3 Likes
The rebase won’t be around for one year anyway. We will stop the ponzu minting and rebase, cap supply, invest the treasury, and begin the revenue sharing. Much sooner than 12 months from now. The rebase phase is meant for bootstrapping liqudity. Not long term incentives. It causes dilution and eventually rebases to single digits. That’s the OHM model that was never the plan to follow. So keep that in mind.
To even get this boosted APY you would need thousands of new investors to join all at once. Otherwise, a trickle affect would just cause the weight of boosted users to continue to grow at a speed in which the APY would never get boosted. Considering where we’re at with staked users right now. Our product is sticky. We have seen the number of staked wallets grow; in fact we have almost tripled in one month from 72k to 195k stakers. So your assumption that people won’t be around to capitalize on this boost seems to be very misguided.
And if you get these thousands of new comers, you would have to convince these newcomers they would have to take a lower APY than what’s currently offered promising them we’ll get thousands of more new comers to boost their APY, and so on, and so on, and so on.
Way too complicated and even more ponzu than the current ponzu.
See above as to the problem with this idea addressing your question.
2 Likes
This is the kind of encouragement for the hodlers as it will set a new standard in engagements and building a true community that believes in the project for long term.
You have my support!
2 Likes
Bro sorry, I couldn’t write more replies yesterday, had to wait 24 hours.
To this point, newcomers do not boost APY. This strategy can be applied in the same way for revenue sharing as well as for the rebase. So when rebase stops. we just switch to revenue sharing with the same formula for boosting. There is nothing complicated there. I would tell you that when rebase stops, this strategy will work even better, because there will not be the WMEMO issue to deal with.
Yes, newcomers don’t boost APY. But you’ll never be able to boost long term stake holders and maintain an average APY without someone else getting a smaller piece of the pie i.e. new stakers
If you have more long term stake holders than newcomers, you’ll never be able to pay out this promised boost. I did the math.
Your problem is we are 200k wallets deep and you would need a lot new wallets or else you risk a higher APY, faster dilution, and faster move towards revenue share.
In terms of using this kind of model for revenue share, just silly. No company that pays dividends pays based on time invested.
Really not worth it. Enjoy you’re 10% every 5 days. Stop being greedy. Stop worrying about people trading around rebase. No impact on you in terms of dilution and immaterial movements of price. Sifu and Mods don’t care. I’ll leave you with some quotes from Sifu
More on discord. Just search Sifu
2 Likes
That is the whole point from this system, that long term stakers get larger share of rewards than short term stakers.
You always can pay this boost. The boost is in respect to the ones without boost. Now you either trolling, or purposely ignoring this.
Now I have to tell you that this line doesn’t make sense at all. The dilution does not depend on how many wallets there are but on the amount of new TIME minted. So you clearly don’t know what are you talking about.
This one is funny. Aren’t crypto projects trying to solve the problems with centralized finance, or they wanna copy that ? 
This is not the point of this thread… I guess there is no point to explain a concept to somebody that cannot grasp at least the idea behind it, and is so opinionated that can’t think critically nor constructively.
If you don’t like an idea you can always vote against it at the vote. NO NEED TO BE A TROLL.
Check METAVERSE’s 6,6 POOL idea, it greatly increased their price. We might be able to do something similar here, maybe even better.
I like this proposals well and think it benefits all the long term investors.
2 Likes
I can’t say i’m any good with numbers but when something makes sense, it just does!
I can see some real value in this concept but most of all it is the communication within the community that will count.
Let’s keep pushing forward & support all our fellow FROG!
i strongly disagree.
There is a so called “Compound interest effect”.
The APY isnt APR
Most of the money from TIME for a 1 year span will come in the last weeks
1 Like
First, I guess there was no point for him to explain to you his concept if you cannot grasp at least the idea behind it, and is so opinionated that can’t think critically nor constructively. If you don’t like his idea you can always just agree to disagree. NO NEED TO BE RUDE AND CALL HIM A TROLL.
Second, I don’t understand why all every one cares about is: MORE APY MORE APY MORE APY!!
How can we reward long term stakers? By doing nothing. The longer they stake, the stronger the compounding effect. Wow! That was easy.
Third, by boosting the APY, we only increase the rate at which dilution becomes an issues, the rate a which we go through the runaway and how fast we hit the price of 1$, like OHM wants to achieve, if we were to keep this model.
PS
I think you need to read a bit more on this if you thinking minting is the only thing that causes dilution.
1 Like
I like how people like to shout their opinions, but they don’t even want to put some effort to understand what they are talking about 
.
You just heard the term “revenue share” and you think it is completely something different, but you don’t realize that APY is the same thing ( amount of rewards), no matter what the source is, minting of revenue share.
What is the other reason for dilution now?
I like how you just rant that me , supposedly, don’t understand some concept without pointing out what was the ‘misunderstanding’. Tell us master of defi. how else TIME is diluted right now?
No thanks. Happy holidays to you and your family.
Thats what I thought.
1 Like
Happy we are on the same page.
I use to be in the camp of increasing APY but with my recent exposure to smaller HIGH APY forks I have changed my mind. It is hard to balance this and if the future vision is Revenue share then APY as it is works great. I am against changing how the APY policy works at this moment. Lets just wait and see how the camp develops.
There are plenty of other High APY forks out there just try one of them(at your own caution).
1 Like