No one is talking about killing off rewards and farm rewards. If you want to secure them, drive more users to Tinyman. Tinyman requires more FEE collection, that is, users using the platform. That’s the issue. There is additional runway after the initial 4 year allocation is over, the amount of rewards simply go down, they don’t go away, or you use what resources you have to drive additional yeild for the platform.
To take a page out of your book:
If you are so concerned, go drive more users to the platform. Bring in 10’s of thousands of new people swapping on the dex to drive up fee collection. Or figure out another way to bring income to tinyman.
This isn’t a thing. Stop saying it. Repeating your wrong assumptions will not make them right. “One-sided” liquidity does not happen. In this situation your Tiny is flipped, half for USDC and added to the LP.
This is what is currently in the tiny/usdc LP, including my share:
6,048,584.05 Tiny
6,207.75 USDC
I’m now removing both my shares of Tiny and USDC tokens: 130,295.09 Tiny AND $133.72 USDC, despite the fact I am only withdrawing TINY.
Now notice, despite the fact that I removed only tiny, my entire position was emptied and TINY and USDC were removed from the LP:
And when I go and put the tiny back:
Again subject to some slippage, the USDC assets, despite me ONLY adding and removing TINY went back up. That’s how adding one-sided liquidity works on Algorand via Tinyman. The LP will swap the assets to maintain a 1:1 ratio in the LP between the two assets. So you still are adding BOTH Tiny and USDC into the LP. Everything else is irrelevant.
But go ahead, you’ve claimed you’ll dump 100,000’s of algos worth of Tiny into Governance if only we allow you to unlock at the slightest pump by making the lock only be a month to keep your max tinypower. So park 100,000’s of Algo’s worth of Tiny yourself into tiny/USDC for a few months. 4x the liquidity for a bit and enjoy those farm rewards. Drive the total liquidity up to $50k and commit your voting power to farming rewards for it for six months.
And I have been a constant advocate for increasing Tiny/USDC depth: from a proposal to allow Tiny/USDC tokens locking and voting rights in our vault.
to a modified proposal to create an expanded Tinyman Treasury:
Also potently voters, consider what a fund like this could go towards:
- Matching grants from the Algorand Foundation
- Advertising drives to push more users to Tinyman
- injecting much-needed energy into our community
- a reason to give some VC’s hesitancy to dump on us all at once
- an added reason to lock Tinyman to have input over how the funds are directed
- creating core Tinyman groups focusing on unique growth tracks and plans for Tinyman expansion like: working on creating blog articles, vlogs, social media campaigns – Real Decentralized Growth campaings
- energy in our community to then turn into growth potenal, working together to boost LP pairings important to Tinyman and Algorand as a whole
- working together with other defi protocols to develop campaigns that benefit us both: like perhaps working with Folks Governance to establish enhanced rewards on LPs that benefit us both like FUSDC/FALGO, and other often overlooked fasset pairings and combining forces to highlight the rewards those innovative pools bring to us both.
To our last on-chain proposal that I would have offered an amendment to to direct earnings from Folks into the Tiny/USDC and farmed those assets to compound liquidity into it as fast as possible.
In conclusion:
Dumping Treasury assets into Governance and Farm rewards will do nothing to stabilize Tinyman’s price action – we already have years of data on that as our token continues to drop and it has done nothing to stabilize Tinyman’s price and rewards have done little to add actual liquidity to LPs. The largest LP’s offer almost nothing in farm rewards, the smallest offer large rewards with little new liquidity and users flowing in.