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I voted in KogeCoin governance.

over 3 years ago

KogeCoin May Distribution Vote POAP image

This is a proposal from the team to raise KogeFarm performance fees to 2.9%. This would allow KogeFarm to continue offering the lowest fees among multi-chain yield aggregators, while significantly increasing the viability of the project long term. A lot has changed since starting the project in May 2021. For one, KogeFarm has become significantly more developed, with two audits under way and an established reputation for security. Our UI, though still leaving much to be desired, has also been professionally re-designed and re-launched. While KogeFarm has improved, the networks we operate on has also become a lot more congested. Polygon raised their minimum gas price thirty fold. Fantom and MoonRiver are becoming a lot more expensive as well. Finally, there appears to be consolidation in the yield aggregator space, with few new competitors taking off and existing competitors charging higher fees. The time seems ripe for raising revenue to allow for more resources to develop the project. We estimate that raising performance fees to 2.9% will allow us to generate revenues on the order of 1-2k per day, which will more than cover gas costs and allow for significant burning of KogeCoins at our current market cap. In the future, even with no TVL growth, having more revenue will allow the project to remain viable and actively developed.

about 4 years ago

KogeCoin Vote: Should we increase KogeFarm performance fees to 2.9%? POAP image

With our recent DAO vote to go to the MoonRiver chain, the DAO decided that KogeFarm vaults will now be supported going forward on MoonRiver. But, we're not done yet. As KogeFarm will soon support MoonRiver which puts us into that ecosystem, we now need to decide how far (if any more at all), we should go. We need to decide if we have a token on MoonRiver. This vote is for three options in how (if at all) we should expand our KogeCoin brand to MoonRiver. 1) Do nothing. We simply keep adding more MoonRiver vaults to our yield-optimizing service. 2) Bridge the Polygon KogeCoin token over to MoonRiver. We keep the KogeCoin token but bridge it over to MoonRiver. 3) Mint new KogeCoin (moonKoge?) on MoonRiver 1:1 and use marketing funds for boosting, airdrops and partnerships to sell the new token.

over 4 years ago

KogeCoin Vote: How should KogeCoin work on the MoonRiver chain? POAP image