CashCow Protocol Weekly Report 📣
Find out about the advances of CashCow Protocol 🐮
We collect the news and outstanding information of the last week.
The month of February represented a period of progress and challenges in equal measure. Amidst the difficulties of the current global context, CashCow Protocol has continued the development of the Roadmap, dedicating operational and financial efforts to accelerate and ensure the excellence of the Protocol’s products, including the NFT Staking feature which has a public release date in the first 10 days of march, while important aspects such as governance have been improved and optimized to provide a simple and useful mechanism that the entire community can use to express their opinions.
This last week we received a considerable amount of mentions and analysis in our social networks, which makes it clear that CashCow is positioning itself better and better in the Crypto landscape, competing on equal terms with the big players in the industry.
In terms of security, the protocol has remained above 96 security score in the Certik projects leaderboard, positioning itself multiple times as the most secure project in the entire BSC.
In addition, we have also conducted social activities such as CashCow Talks, which included a special Gleam.io to reward the participating community that intends to get to know and stay with CashCow Protocol.
The $MILK burning has taken place, burning over half a million $MILK tokens out of circulation, as part of the protocol’s sustainability strategy.
$MILK BURN:
We have performed the monthly $MILK burning, accumulating during the month the amount of 649,130 $MILK tokens that were taken out of circulation and that came from the $MILK staking pool and the $GOL pool.
Milk Token Statistics
▪️Market Cap: $220,665
▪️Total Minted: 471,558,418
▪️Total Burned: 5,947,073
▪️Circulating Supply: 465,611,345
▪️New MILK/block:: 45
$MILK Burn TxId: https://bscscan.com/tx/0x15cde36f1d86b0422e5fd899983c12864588e96172714ea9def0d328841404f1
Governance
To read the process of governance in the whitepaper:
https://cashcow-protocol.gitbook.io/cashcow-protocol/cashcow-protocol/cashcow-token/governance
The two proposals are now available for voting in the Governance Snapshot:
MILK emission reduction in the DApp
In order to reduce the inflation of MILK, it would be convenient to reduce the issuance rate of MilkPerBlock.
Two points must be taken into account:
1st The P2E will also have its own emission rate, which will be even higher than the DApp, which would generate greater inflation in the future.
2nd To buy the packs, with a low emission rate, it would not be enough with the existing MILK, but that stimulates the purchase with a pair of the MILK/BUSD type, so it could be migrated with better economic results to a POL model ( Own Liquidity Protocol)
The proposal contemplates 3 options to vote:
1st Do not modify the emission and leave it as it is now at 45 MilkPerBlock
2nd Decrease to 35 MilkPerBlock
3rd Decrease to 30 MilkPerBlock
Add new pool MILK-BNB GLP
The initiative of this proposal is to increase MILK token use cases.
Why GLP (Gol Liquidity Provider) ?
GolFinance offers investors security and low gas fees, plus the CashCow community options to earn passive income in $GOL on their GolFarms.
The Farms are: MILK-BNB GLP, MILK-BUSD GLP and MILK-GOL GLP.
Therefore, investors in these pools will be able to use the same GLP without the need to remove them.
The proposal contemplates 3 options to vote:
1st Do not modify the allocation points of Farms and MilkBar.
- COW-BUSD LP 40%
- MILK-BUSD LP 15%
- Pool COW 30%
- Pool MILK 10%
- Pool GOL 5%
2nd All Farms and MilkBar pools are reduced. Most beneficial option for MILK-BNB GLP and MILK-BUSD LP pairs.
- COW-BUSD LP 35%
- MILK-BUSD LP 14%
- MILK-BNB GLP 14%
- Pool COW 25%
- Pool MILK 9%
- Pool GOL 3%
3rd All Farms and MilkBar pools are reduced, except the GOL pool in the MilkBar. Option with less reduction in COW Pool and Farm COW-BUSD.
- COW-BUSD LP 37%
- MILK-BUSD LP 12%
- MILK-BNB GLP 12
- Pool COW 27%
- Pool MILK 7%
- Pool GOL 5%
- One week to automatically close the possibility of voting.
- The more $COW the more votes.
- The description of each proposal is written in each of the options.
