First reward pool for Diesel Pools are going live. it's the BEE:HBD pool

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(Edited)

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Let's do this! We're getting rewards out for BEE staking. First one is with HBD. Technically the rewards start tomorrow at around 3am.

We added 800k of BEE inflation per year.

That feeds into the BEE Decentralized Token Fund.

People who own BEE and have it staked can create distribution contracts, and then write proposals to fund those contracts.

If they are voted the DAO will reward BEE into the distribution contract and anyone that's providing liquidity will get rewards.

For the funds that I'm creating-

The payout is over 365 days. So, when money enters 1/365 will be rewarded daily. So, it'll take a little time for the value of these to go up.

I'm also copying an idea that @yabapmatt used when creating DEC liquidity pools. There's bonuses to your staking depending on how long you've been staking. Every day for up to 100 days you get 1% bonus. So, if you're staking for 100 days or longer it's counting your stake twice for the purpose of calculating rewards.

So, don't just stake, but stake for 100 days and see that you get more rewards than the new stakers.

WORKERBEE

For BEE rewards pools I'll personally be voting against anyone that's trying to create pools that don't support BEE:X pools. The majority of what we do should be supporting BEE rewards for BEE staking.

That said, there's a smaller pool with 200k BEE/yr of inflation that's handled by WORKERBEE owners. You guys can create contracts and now fund up to 200k BEE/YR. The governance token for voting now is WORKERBEE. So, buy and stake WORKERBEE and you have a say in how 200k BEE/YR are allocated.

So, one option here is HIVE:WAX. That's a great pool and one that will help us grow. It doesn't help BEE owners, but it's great for the whole exchange. Here's hoping pools that aren't BEE based will be supported by the WORKERBEE community.



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18 comments
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How many bees is need to stake to make distribution contrast. Could you explain me more about writing proposal.

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There are rewards for the DEC/Hive pool? it doesn't say on tribaldex so far

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Who controls the DAO? Is it BEE stakers?

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where can I get tribaldex support? tried both options, neither keychain or smartlock work

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Since you did not include any links, bee bool can be found here:
https://tribaldex.com/tokenfunds/BEE:WORKERBEE

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Questions:
The vote threshhold is set to 6667; does that mean that im not allowed to vote until Ì got atleast 6668 workerbees staked?
What impact does, f.e. a stake of 1k Wokerbees have?


For distribution contract, I added 7 BEE to pool with ID 23

https://tribaldex.com/distribution
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Questions:
What will happen with the provided liquidity?
Is there a way to calculate the expected ROI?

Thanks in advance

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Topic Hijack:

Great Splinterlads AMA today, thanks for taking the time to them and thanks for reminding all the weak hands they missed out on 30X :)

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Hi thanks for the info. Wondering how the rewards are paid out on tribaldex when liquidity has been added? Do they drip back into the pool or??

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Great work, Diesel pool rewards are now LIVE on LasseCash, we aim at having the highest rewards in the eco-system.

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Isn't this 1/3rd of the total supply of the coin? There is already a SPS/SPT diesel pool so not sure how BEE and this proposal changes things or what 96k SPT per day for 2 years will do to help things? Be nice if you responded to questions on your proposal post also...

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How does a proposal get passed if you have nerfed it by raising vote threshold past a possible voted amount? Is this to encourage someone that wants change to buy more or you just raise it again when you see a proposal you don't like? I was about to put a proposal up yet now it seems like i be better off burning 10k SPT?

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