Alleviate sell pressure and align incentives#102

As long as theres an economic incentive to do so, wash trading will happen. This creates tremendous sell pressure on the token, notably and especially when it tries to appreciate. This breaks the flywheel effect of a higher token price incentivising more people to list on LR and get valuable LR rewards.

What would be helpful is if washtrading is dis-incetivised.

The pool for trading incentives can stay the same. But traders get a choice, they either receive their rewards immediatly, or it gets locked (and staked so no loss) for say a year. The incentive is, lockers get 4x-5x the rewards of non lockers.

This aligns the incentives of (wash)traders, with that of stakers. Washtraders still get the high incentives to do what they do, but they can’t access it immediatly (like they currently can) and are forced to act in the protocols best interest until unlock. APRs stays high, $LOOKS sell pressure subsides dramatically, and the lock gives the protocol time to evolve, capture market share etc

This is not expected to be difficult to implement and therefore an effective tokenomics change.

wash trading is good. dumpers will dump regardless. wash trading at least brings more ETH to stakers.

Wash trading is bad. You’re making a NET LOSS once you account for the depreciation in your staked $LOOKS

$LOOKS value isn’t rising because not enough people want to buy it because there isn’t enough organic volume for them to want to stake it. You won’t fix this by restricting the sell side. You fix this by increasing liquidity on the platform. Look at my Sudoswap integration suggestion.