Thanks for the proposal. Perfect step…
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great idea! agree with this proposal
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I am mostly supportive of the proposal. It depends d however on how season two will be realized. Hopefully more locked than vested tokens will be distributed.
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great idea The proposal lists down good options and will be beneficial
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I support the Buyback and liquidity pool
Approve the ETHFI Buyback
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Voting for the proposal but also noting the concerns raised above - it does feel like a lot of emphasis is being placed on token liquidity and not enough insight into the exact mechanics behind the proposal (liquidity pool structures etc.).
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Buy back are a brilliant idea .ethfi is one of the best project I’ve been in my only disappointment is I didn’t have more money to add.
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Thank you for your thoughtful feedback. We appreciate your contribution to the discussion and hope to see more thoughts and participation as a delegate.
You raised a number of valid questions and we’ll try to address as many as we can, as well as cover a few broader points.
As a matter of principle we believe it’s essential for the governance token of a protocol to have some connection and utility tied to the value creation mechanism of the protocol.
There are many examples of successful DeFi protocols where the governance token is essentially just a meme coin with the name of the protocol. We’ve seen these types of governance tokens underperform and generally result in low community engagement.
The purpose of this proposal so to introduce the first basic mechanism to create a connection between the performance of the protocol and the governance token. It will not be the only mechanism and the increase from 5% of revenue to 50% will happen slowly over time (and may never reach 50%, as that’s just a cap.)
A few specific points you raise:
- DAO treasury composition
We agree, and we intend to diversify the treasury. This proposal is not a mechanism to diversify DAO treasury holdings. There will be future initiatives aimed at that. - Token float inflation in the coming months
Again, we agree that the coming unlocks will need to be addressed. This proposal won’t do much to manage the impact of unlocks. We will use other mechanisms to manage them such as coordinating OTC purchases with buyers who will re-lock the tokens and have a higher cost-basis. We will discuss our strategy more in the coming weeks. - Attracting LPs for ETHFI
Our view is that protocol owned liquidity is a more effective method than direct LP incentives. - Curve vs. other DEXs
The benefit of Curve is that it can be a passive LP strategy. Other protocols like Uniswap v3 and Maverick require active LP management. That being said over time we plan to utilize multiple DEXs. This is just a starting point. - Governance
It’s a fair point that this governance process was a bit rushed. This initial proposal was mentioned at TGE, but you are correct that we could have done a better job communicating the thought process and analysis that led to this proposal. We’ll aim to do better.
Once again thank you for your thoughts and contribution. We hope to see you provide more feedback regarding the coming proposals and our journey towards decentralization.
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Following the Snapshot voting, the current vote has ended, reaching both Quorum and For as the winning option, with 2M votes.
Next steps will be the execution of the buyback. Further announcements to come.
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how to vote on this? im new
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I support buyback and liquidity pool.
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Cool !
Definitely, buyback and liquidity pool !
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Hi, I approve the ETHFI Buyback and Liquidity Pool Seeding Proposal.
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FOR buyback and liquidity pool seeding
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I agree with the buyback proposal at this stage…However think detailed information is
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Ok for me i approve the proposal
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Eu concordo com a recompra do token
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Hi Boyz, may I join discussion? I really like your ideas. More opportunities to multiple yields let the users to hold the tokens, even if we notice blood on the chart.
I think it could be great for the part of community if they could lock ( for example me, I’m in ) [a part of] their allocation into staking or LP for extra points boost.
If you want to enhance TVL (of course, it all about it) I bet that simple staking tokens could be seriously helpful.
Why? You are guys, I guess experienced users/investors on-chain especially in a comparison to average user with a few bucks putted into deposit. What do I mean? A lot of people selling instantly the tokens and don’t even thinking about LP because it’s too risky for many people. It can sounds funny but not everybody understands LP, not everybody wants to pair it with ETH (afraid of IL).
And in my opinion here comes staking in - "just put it into our vault/deposit/etc. (as you did it on the first day) and at end of the day we’ll buy it back so you will get “ABCDE” and don’t have to worry about price actions, because no matter what you’ll be profit.
I hope I wrote it clearly 
. What do you thing?
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Thank you for the feedback 
If this relates to ETHFI staking, please see the proposal that has been passed to implement the staking contract - ETHFI DAO Proposal: Staking Contract Implementation
This will be live for the upcoming season 2 ETHFI claims.
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