Of note 9M increase to Gov rewards isn’t going to move the needle on individuals rewards any.
Example: 44.23% of that 9M would just go to the top 10 govs.
67.19% would be concentrated among the top 20 gov.
and a whopping 76.36% would be sent just to the top 30 govs.
Some 82% to the top 40.
82% of the rewards increase to only 40 accounts out of 3,712 govs.
Further locking tiny does not increase liquidity any – if anything it decreases it, that’s the point of the lock after all: It removes the ability of tiny to be liquid and keeps it locked up and unable to be sold.
We currently have a proposal up to use some of those funds to hopefully drive use of Tiny in the ecosystem: Pilot Deployment of Idle TINY into Folks Finance - #2 by NerdyForDesign
And should it prove useful, that increase in earned Tiny can be used to move assets into other areas of our ecosystem as it builds up: say increasing depth of liquidity in tiny pairings that could help stabilize price like tiny/usdc to absorb selling pressure (something that significant depth in would imo go a long way to preserve price stability) (Maybe, this would depend on of course borrower demand making the earning worthwhile in the first place, and a gov vote to determine what to do with those earnings).
And there’s no doubt plenty of govs eyeing exiting at a loss of some 95-99% after years worth of lockups already and having VCs dumping on us daily since their lock-ups expired. The goal for us should be stabilizing Tiny price as much as possible between now and the end of the original 4-year tiny lock put in at launch to encourage the price to rocket once daily VC dumping is over so tiny can
.
There is not a lot we can do individually as govs to help stem sell pressure of course, but a lot of us together can imo move the needle, for me that’s part of the beauty of decentralization. Lots of folks coming together to make something greater than they otherwise could.
An example: If just each tiny Gov committed to holding roughly $1,000 worth of share in the tiny/usdc LP long-term the pool size would be over 280x the depth it is now and make it by far the largest LP on tinyman @ $3.7M
