What do we have planned?
- Reduce LP size to allow for more freedom to move
- Free up TAU from LP to be spent
- Rejig the emissions to reward holders of $RSWP
- Partnership with Nebula for vaults to lock RSWP and reward those that HODL
Why?
Current emissions are still very high and reward both sellers and holders. Our preference is to better reward those that intend to hold $RSWP.
The current Market Cap is around $2 Million USD and the LP is approximately $1.5 Million USD, this means that it is very difficult to shift the price; Reducing the LP size allows more movement.
What is happening?
Phase 1:
We are going to slowly reduce RSWP LP emissions until we achieve the target amount in the LP which better allows for movement. At the same time we will be increasing RSWP staking rewards.
Phase 2:
Once Phase 1 is complete we will be partnering with Nebula to open Vaults which will allow HODLers to lock RSWP. As we explained we are keen to reward those that hold RSWP so the reward structure in the vaults will reflect that. At this stage RSWP staking rewards will shift primarily to the Vault rewards.
When?
Phase 1 starts Sunday, 10th October 2021–2200UTC
