Kye Profile picture
15 Sep, 12 tweets, 2 min read
1)I have read every comment and have thought about it a long time and have a good idea of what the community wants.
2) There is a slight leaning towards keep minting, but there is a significant minority that wants to pull out. There is also a concern of the price dropping significantly once rewards are released.
3)A lot of you are saying to keep minting but let rewards and LP tokens go. I wish I could do that. It is hard wired in the contract to either be on or off, I wrote the contract like that to be diff than sushi, the plan was 3 days of minting, and then release, no more new kye
4) After digesting what everyone has said, and having gotten a good feel for what everyone wants, I am going to tell you what I come up with. If the majority agrees that its a good idea, and there aren't any major criticisms, that's what we will do.
5)First, I am going to greatly reduce the amount of kye rewards everyone receives proportionally. Your piece of the kye marketcap will be the same, but the supply will be smaller. This will make a significantly smaller dent to the price, but you won't get the monster APYs
6)I am going to keep the LP tokens locked for at least 24 hours after the kye rewards are released, this will help keep the price up, but more importantly, It will reward those who staked the most and longest, rather than reward the fastest withdrawers.
7) I will also not release the LP tokens until after the new staking contract is done so you all can migrate. The new staking contract will let you withdraw kye and LP tokens anytime you want.
8)However in the new staker, the LP tokens of the stablecoins, not KYE, have to be locked until after I release the arbitrage mechanism contract, or else the prices will be all over the place. Hopefully that will be in just a few days.
9)You will be able to release Kye token rewards from stablecoin staking though.
10) I know this goes against the original plan of 3 days and then that's it, but from what I gather, this is what the majority of people would be happy with.
11) Please keep in mind I am one guy and I'm working as fast as I can, Its hard to release like 5 contracts in one day.
12 and Last) I am going to spend all of tomm making the new staker contract, and when its done, we will execute the plan. Please comment your thoughts yay or nay with this plan, thank you.

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