Stage 2 proposal created HERE
Hello fellow 1INCH supporters, and welcome to my thread.
I’d like to discuss a potential proposal in regards to the $1INCH ecosystem, please share your thoughts and feel free to add your opinion in this thread. I have provided two options so far, of how a deflationary mechanism can be implemented into the ecosystem
A) When user un-stakes from a pool, 1% of its rewards get burnt.
B ) Removing Single-Asset-Staking & Farming Completely. Replace with a mechanism where users stake $1INCH tokens and get incentivized to access governance + instead of receiving rewards, the stakers will collectively help burn $1INCH tokens (delfationary pool). Deflationary pool which users will stake their $1INCH and will determine the burn speed/rate. Essentially the traditional staking rewards will now go into a deflationary pool and get burnt. This eliminates sell pressure from the stakers as well, and everybody is incentivized as the supply decreases = more valuable
I personally, am keen on option B. I think it will be great for the future of $1INCH and actually more rewarding for long term holders. I believe making $1INCH deflationary can add tremendous value to its token.