Strips Tokenomics Update #1
Based on the feedback from our users, we have put to vote within the Strips core team of the following proposals.
Strips Improvement Proposals:
- Proposal to lower current Strips rewards emissions by 50%. This should have a noticeable impact on reducing the STRP selling pressure from mercenary bots that farm and dump the token.
- Proposal to increase wash trade protection from 10 blocks to 100 blocks. This will further limit predatory token-harvesting behavior, which dilutes rewards for good-faith traders and stakers.
- Proposal to use the Strips treasury wallet USDC balance to farm on Anchor to earn 19% yield and use the interest proceeds to buy STRP.
By adopting these measures, we hope to stabilise the price of STRP tokens and protect the longevity of the project. We will review our token emissions each month in order to ensure a healthy and thriving marketplace.
The long term success of the project is our highest priority, and we welcome any feedback from our community.
None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any tokens, currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy. Please do your own research before investing.
