Increase ORE-SOL LP boost multiplier to 6x

Summary

This proposal seeks to increase the boost multiplier for ORE-SOL LP to 6x (from the current 4x).

Overview

Boosts are an ORE-native incentive mechanism for turning capital into “virtual hashpower”. They allow miners to stake select tokens and earn multipliers on their mining rewards. Currently, ORE supports boost multipliers for 3 different tokens:

• ORE-SOL LP (4x)
• ORE-ISC LP (4x)
• ORE (2x)

With the launch of boosts just over one week ago, ORE saw a significant rise in the total value of liquidity provided to the boosted trading pools. This proposal seeks to increase the multiplier for the ORE-SOL LP to further increase liquidity and better understand how boost multipliers affect the targeted markets.

Objectives

1. Increase TVL in the ORE-SOL liquidity pool.
   • Liquidity providers take on a lot of risk, especially for volatile trading pairs such as ORE and SOL. To increase liquidity in these markets, the incentives for liquidity providers have to counterbalance the risks.
   • By increasing the ORE-SOL LP multiplier to 6x, we can offer greater incentives for ORE-SOL liquidity providers and potentially increase the overall market depth.
2. Gather data to understand how changes in boost multipliers affect the liquidity.
   • Boosts are only 1 week old. The passing of this proposal would mark the first time any multiplier has been changed.
   • By increasing the ORE-SOL LP multiplier to 6x, we can gather more data from the market and better understand how changes to boosts multipliers affect the overall ORE liquidity network.
3. Introduce futarchy to the ORE community.
   • Futarchy has recently emerged as a novel governance mechanism for teams across crypto. It has potential applications for ORE ranging from small operational decisions to the management of critical systems such as the supply function.
   • Futarchy is still a very nascent technology and before we can seriously consider integrating it into critical ORE systems, we need to understand it better. This proposal is intended to serve as a low-risk testrun for the ORE community to learn more about futarchy and how it works.