Proposal approval news

Golff Protocol
Oct 26, 2020

Proposal to reduce the mining revenue of Golff Farm

The current output of Golff Farm liqudity mining is 125,000 per week. The output of GOF still needs to be reduced. This reflects the scarcity of GOF while supporting the GOF secondary market. This can reduce the negative impact of some mining users on GOF. In order to better protect the interests of current token holders and benefit the long-term development of the Golff financial ecosystem, we recommended to adjust the current mining output speed when the fifth round of Farm mining begins. The weekly mining output should be adjusted to 11 10,000, which is 12% reduction of production.

At the same time, we suggest still kepp 5 mining pools in the fith round. To ensure the liquidity of GOF and encourage users to participate in Golff Vault products, Uni-V2 (GOF-ETH), GDAI, GYCRV and the top 2 voted tokens in the community will enter the fifth round mining(2 weeks) of Golff Farm. It’s conducive to the long-term profitability of the Golff project. Two of mining pools voted by users submit candidates by pledge 5000GOF, and the community users has the right to decide through vote. Mining pool quota allocation: the community voted for the top 2 tokens and GToken tokens. The incentive for each mining pool is 20,000 per week, and the incentive for Uni-V2 (GOF-ETH) is 30,000 per week.

As a community autonomous project, every member of the Golff community is closely related to the future development of Golff. Golff’s first community proposal has been officially released. Everyone is welcome to vote and build the Golff ecosystem together!

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Golff Protocol

One-stop encrypted bank, to create a light, open and free financial world.