Over the past few days we have been taking feedback about reward distribution changes proposed with the launch of our website.
There are some arguments against the changes to rewards distribution centered around the idea that this may lead to reduction in votes and lower positions in the reward zone.
That may happen, however reduction of new supply will likely act to create more stable prices and make voting for LP participation a safer option. Although it is not our main goal to stabilize the price, it will be an expected side effect of the temporary supply reduction. Many pairs that completely stopped rewards actually remain in the reward zone and maintain stable prices, because voting participation shifts to LP as main reason for voting.
Main goal for reducing supply is to make that capacity available for TTN and we will gradually introduce these rewards for TTN participants.
What will happen and when?
One week from today Feb 16 we will begin reducing hourly AQUA voter rewards from 1000 per hour to 200 per hour by 50 per day.
Both XLM/TIDE and TIDE/MOON pairs will be affected by these changes.
Project creator rewards will also diminish to match reduction of overall distribution.
Schedule of reward reduction
Tide & MOON
Exact time when these changes will go live on each day will be flexible, so +/- few hours, they have to be done manually so I am giving myself that flexibility to implement them.
For now we have no plans to move TIDE rewards to AQUA/TIDE voting pair, although we will have more discussion on this topic and want community input. One of the options we discussed was to reward both pairs and let the market decide where votes go. Please provide feedback in Discord – this will soon become relevant.