I think we need treasury to manage our community and keep our flexibility. Removing treasury doesn’t look like a good plan for me. As you suggested, we adjusted our block reward allocation once. now, 25% of the block reward goes to nominators and 25% for developers now.
Reason why I suggest to include the treasury it’s due to the fact where I do not want nominators getting too much rewards where they became the ones to sell the rewards.
Could you please rephrase this?
Sorry… I misphased… what I meant was to give more to treasury. As right now it’s 50(dapps dev) : 50(nominator)
So in totality it should be
62.5% treasury
25% nominator
12.5% dapps developers.
Once it hit a certain number if dapps. Then it should be.
50% treasury
25% nominator
25% dapps developers.
The next tier will be back to the original intention of
50% treasury
40% dapps developers
10% nominators.
The main idea it’s to limit dapps developers rewards as of now… since there are too little dapps.
But I’m pretty sure the team can come out with the figures… its not a hard and fast rule.
Just hope we can find the source of the price pressure so that Astar won’t have such issue.
Ultimately I’m a believer of astar and shiden.
The original block reward distribution is:
40%: Treasury
10%: Collators
40%: Dapp operators
10%: Dapp nominators
An adjustment was made last month:
40%: Treasury
10%: Collators
25%: Dapp operators
25%: Dapp nominators
But even after the adjustment, the price drop is still going at the same rate. Looks like it is something else. Crypto market can be very wild and we can’t control people from selling neither do we want to add more liqudity to absorb the sell presssure. This may be even a fake sell pressure created by a bunch of whales so that they can accumulate from weak hands. This happens all the time.
But, to me it is likely due to the vesting of tokens. Tokens get released and people sell to secure profit. Take a look at all other parachain charts. All of them are on a downtrend. KAR, MOVR, KMA, BNC, KILT, and these projects don’t even come with dapp staking. Not the first time I see charts like this, when tokens are vested.
Looking at the crowdloan ROI, Shiden is still on a positive side.
123 SDN per KSM
$173 / $400(KSM price at the time of Stage 1 crowdloan)
This is 43%. Which is twice as good as staking KSM itself and better than many other parachains ROI.
At after 5 months, I think 40% of the crowdloan rewards have been released. If you were to sell all 40% now, you can already get back 0.25 KSM.
From a crowdloaner’s point of view, I have nothing to complain. Only those who bought from the exchanges are at loss if they are still holding. But this is parts and parcel for being in crypto. Winning or losing is normal. Hence, everyone should manage their own risk.
No choice but to hodl, which isn’t bad considering passive dApp stake rewards. Would be great if the team could have a session re-affirming Shiden roadmap, next steps, etc.
Your math is incorrect. Crowdloans lost 67% of the value of their KSM on top of the opportunity cost and they may never get back what they lost even after vesting ends.
You are also incorrect when you say compared to any other parachain. Moonriver for example gave you 14 MOVR per One KSM at the peak of price of MOVR that was 1000% gain return on each KSM contributed. Now after a major dump. It is still at 500% from the crowd loan.
You are either intentionally misleading, or ignorantly misinformed. Both of which as an ambassador is not good thing.
Please be real, speak with facts and correct math. Your approach is exactly why we have an issue in the first place that you don’t seem to think exists.
1 KSM = 1 KSM
If you sell whatever unlocked SDN now you can get 0.25 KSM.
0.25 KSM + 1 KSM = 1.25 KSM
This is already better than staking KSM, which gives you ard 20% APY.
My math is correct. I do not intentionally try to mislead others.
Others can decide on the math, what about your point of being the best ROI parachain ? Do you have an explanation for that, even though it’s clearly incorrect.
Did I say the best parachain ROI?
I said, better than most others.
That just weakens your point comparing to the worst performers is not something good.
Comparing with the best performers is a strong point.
It’s like saying even though Turkish lira value is down when compared to the others it’s better. (Others like the Zimbabwean dollar, Venezuelan Bolívar, etc…)
It does not mean anything. It’s a theme that has been here around shiden, do the minimum, compare with the worst and then blame the community when the results are weak.
Please do your math and do the comparison with all other parachain projects. I think Shiden is sitting at No. 2.
And please stop crying. This is crypto, if you cannot handle a donwtrend, go play fiat and put it in the bank.
If you gambled something that you cannot afford to lose, this is your fault. Don’t cry here in public and embarrass yourself.
I know none of my friends who joined the crowdloan or bought after listing is crying. Because we are all adults and our daddies are no longer around to cuddle us when we cry.