#LUNC proposal #12224, if implemented, would double the funding from the on-chain tax to the oracle pool, which is currently its ONLY source of funding. ✅️
Currently 0.15% of the 1.5% on-chain tax goes to the oracle pool, with 0.15% to the community pool, and 1.2% burned. 🔥
With a cap system implemented on the community pool, as detailed by the proposer, when the community pool is full, the 0.15% from the tax that goes to the community pool will then go to the oracle pool, making it a total of 0.30% to the oracle pool from the tax. 💵
We already saw that the decline of the oracle pool is slowing with the recent implementation of the 1.5% tax. This cap mechanism would DOUBLE funding to the oracle pool! 🏆
We could see the oracle pool increase and there would be better staking rewards APR % for all
#LUNC stakers. 🚀
This change would substantially improve the tokenomics and sustainability of the
#LUNC chain, by doubling the funding rate to the oracle pool, while smartly preserving a substantial reserve in our community pool for spend proposals. 🤝
This proposal would be a good improvement for the
#LUNC chain and I am in clear support. 👏🎉
Follow the ongoing governance vote here: 👇
validator.info/terra-classic/…
You can see the oracle pool balance here: 👇
lunccommunity.com/terra/oraclepo…
$LUNC