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12
Should we half the Bunny minting rate?
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So the first time Bunny halved the minting rate from 10 bunny per bnb to 5 bunny per bnb was at the end of feb. During that time, the ratio of 10 bunny : bnb was around 2.17.

Today, bunny has risen a lot and now 5 bunny : bnb is already at a ratio of 3.77

I really do feel like it is time to half the rate (or even more!) to keep the bunny price sustainable as we can see the bunny -> wbnb pool APR going down every day as bunny increases.

Also, when/if the bunny pools are finished, everyone will pile their bunny into the bunny -> wbnb pool which will crash the APR down a lot.

I personally think it's time for another halvening if we want to keep the prices where they are. I would like to make a proposal for this on bunny, however, it seems we need 4000 bunny in order to create a proposal, which I obviously don't have. What do you guys think? Even after halving the rewards, the 30% fees would still be a gain of 188%. i.e. the 30% taken, is rewarded with 1.88x more USD value in bunny.

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Posted
3 years ago