Need additional diagram with staked amount. I am sure that these 3.6% that got > 2k$ refund, staked more than those 93.9%.
So you are not just giving them 2k$, each of those addresses invested more than 10k$ in some altcoin and staked it with 1 month freeze.They were not doing any “social activity”, they payed hard eth to get this score Taking the risk of token price falling and never coming back. + they brought huge volume. + I am sure almost all these addresses are NEW users, with new money. Team should not care much about old users, they are already (don’t know why) are using your dex, you need new users, you need to increase your dex market share.
Talking about suggestion. My suggestion is for Committee to start working on something useful, to think how to profit more, not how to spend less. Make normal marketing, look at 1inch! Look how they used increased volume after they made their gas refund program! Several announcements a week, “made this amount on this chain! that amount on that chain! here is how much burned, here is how much new users, 50% increase in volume from last week!” discord, twitter, infographics, promotion. Ofcourse you do not need new users and new volume, if you are not using it! Paraswap marketing is just silence + some reports that noone reads. With marketing you attract even more new users and new volume and this pushes up token price. And maybe, then people became certain in psp token and in rules of this protocol and stop selling their gas refunds and start holding. And then team takes these good volume/users figures, makes a nice presentation and goes to their potential investor and try to “sell” this volume to them and again price goes up with market capitalization. Prosperity of this protocol does not come from users. It is not like you give a user 100$ refund and user gives you 200$ fee. This will never work. You even do not need to be profitable at this point in time, there are a lot of big great companies that are not profitable, but have huge volume, huge user base and huge capitalization. Project in crypto nowadays do not grow from fees from users, they grow from investors by increasing market cap. At this point you need to get more market share. And yes, of course you will have to pay users more than users will pay you. And you are very luck that people are willing to pay 10k for some altcoin, stake it and bring you volume. You think about saving some pennies, risking losing millions. Better think how to get your token on good exchanges. You have to compare yourself to 1inch. Why their token is on every exchange with huge liquidity. Why their token is in top 100 market cap and psp in top 1100? And they have no DAO Committee, maybe thats the answer. I am new here, but if your previous proposals were like this than your do not give this dex a chance. Token is already traded for 1.5 years, still no tier 1 CEX! Maybe your salary should be given to CEX so they list psp token? And now your are trying to get rid of people who staked 10k$ for each address and brought volume? Is team even knows what are you doing? Maybe they should just copy what 1inch is doing and get rid of any DAO Committee?
Lets face it. With 1inch new Fusion system there is no point in using anything else. Retail users pay 0 gas fees(ZERO gas fees), Resolvers that “resolve” user’s trade pay gas for them, and now even resolvers get their gas refunded, so resolvers execute a trade even if there is not slippage for them. So in paraswap user pays for gas and pays fee. In 1inch user pays 0 in gas and no fee. There is no way users will pay you, more than they get from you. Only very unfortunate users who do not know how to set their slippage right or how not to pay fees.
GRP is just a “commercial”, you are paying for new users. And yes this is the main part of all this Social Escrow. And it is your obligation to use new users and volume to get more users and volume.
GRP with high refund is only way against 1inch Fusion. Think how devastating it will be now to change the rule. It will be like a snowball, price down, PR down, users down, volume down, market share down. All the momentum from PSP 2.0 will be lost. In such period in this market you can not act passive, you do not act aggressive it means slow death. Your competitors have bigger teams, more money, more volume, more influence, more marketing and PR. It’s only a matter of time… Already now you can not increase your dex share without “buying” users and this will just get worst. All momentum from your start 1.5 years ago is obviously gone. You don’t have your gassless Fusion system, so basically GRP is your last chance …Use it wisely)
Good luck.