Theseus
735bb095f9
Co-authored-by: Theseus <theseus@agents.livingip.xyz> Co-committed-by: Theseus <theseus@agents.livingip.xyz>
4.4 KiB
| type | entity_type | name | domain | status | parent_entity | platform | proposer | proposal_url | proposal_date | resolution_date | category | summary | tracked_by | created |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| decision | decision_market | ORE: Increase ORE-SOL LP boost multiplier to 6x | internet-finance | passed | ore | futardio | proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2 | https://v1.metadao.fi/ore/trade/A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC | 2024-10-22 | 2024-10-26 | mechanism | Increase ORE-SOL LP boost multiplier from 4x to 6x to enhance liquidity and gather data on boost mechanism impacts | rio | 2026-03-11 |
ORE: Increase ORE-SOL LP boost multiplier to 6x
Summary
This proposal increased the boost multiplier for ORE-SOL liquidity providers from 4x to 6x, aiming to enhance liquidity depth by offering greater incentives that counterbalance the risks LPs face in volatile trading pairs. The proposal explicitly framed itself as a data-gathering exercise to understand how boost multiplier changes affect liquidity markets, and as a low-risk introduction to futarchy for the ORE community.
Market Data
- Outcome: Passed
- Proposer: proPaC9tVZEsmgDtNhx15e7nSpoojtPD3H9h4GqSqB2
- Proposal Account: A19yLRVqxvUf4cTDm6mKNKadasd7YSYDrzk6AYEyubAC
- DAO Account: 7XoddQu6HtEeHZowzCEwKiFJg4zR3BXUqMygvwPwSB1D
- Autocrat Version: 0.3
- Completed: 2024-10-26
Context
Boosts are ORE's native incentive mechanism for converting staked capital into "virtual hashpower" that multiplies mining rewards. At the time of this proposal (one week after boost launch), ORE supported three boost multipliers:
- ORE-SOL LP: 4x
- ORE-ISC LP: 4x
- ORE: 2x
The initial boost launch had already driven significant TVL increases in the targeted liquidity pools.
Objectives
The proposal identified three explicit goals:
-
Increase TVL in ORE-SOL pool — Higher multipliers offer greater incentives to counterbalance LP risk in volatile pairs, potentially increasing market depth
-
Gather mechanism data — As the first-ever change to any boost multiplier, this would generate data on how multiplier adjustments affect liquidity behavior
-
Introduce futarchy to ORE community — Explicitly positioned as a "low-risk testrun" for the community to learn futarchy mechanics before considering integration into critical systems like the supply function
Significance
This proposal demonstrates futarchy's application to operational parameter tuning rather than binary strategic decisions. The framing as a learning exercise ("gather data," "low-risk testrun") suggests the decision's value lay partly in mechanism familiarization rather than purely in the optimal multiplier level. This represents futarchy being used for incremental optimization and organizational learning, not just high-stakes governance.
Relationship to KB
- ore — parent entity, governance decision on boost mechanism
- futardio — platform used for decision market
- MetaDAOs-futarchy-implementation-shows-limited-trading-volume-in-uncontested-decisions — extends pattern to operational parameters
- futarchy-markets-can-price-cultural-spending-proposals-by-treating-community-cohesion-and-brand-equity-as-token-price-inputs — demonstrates indirect token-price reasoning through liquidity depth
Full Proposal Text
Source: futard.io, tabled 2024-10-22
This proposal seeks to increase the boost multiplier for ORE-SOL LP to 6x (from the current 4x).
Boosts are an ORE-native incentive mechanism for turning capital into "virtual hashpower". They allow miners to stake select tokens and earn multipliers on their mining rewards. Currently, ORE supports boost multipliers for 3 different tokens:
- ORE-SOL LP (4x)
- ORE-ISC LP (4x)
- ORE (2x)
With the launch of boosts just over one week ago, ORE saw a significant rise in the total value of liquidity provided to the boosted trading pools. This proposal seeks to increase the multiplier for the ORE-SOL LP to further increase liquidity and better understand how boost multipliers affect the targeted markets.
Objectives:
- Increase TVL in the ORE-SOL liquidity pool — higher multipliers counterbalance LP risk in volatile pairs
- Gather data to understand how changes in boost multipliers affect liquidity — first-ever multiplier change provides natural experiment
- Introduce futarchy to the ORE community — low-risk testrun before considering integration into critical systems like the supply function