Now that we've passed these two Romulus proposals below, we can now allocate the Community Fund to the UBE single-stake rewards as planned.
#3 (<#872114054108426320>) PASSED
"Utilizing 0.05% trading fee for buyback of UBE and distribute funds to a community-controlled time-locked treasury."
#8 (#UIP-8) PASSED
"Buyback UBE with all locked UIP-2 related swap fees and move to the final Community Fund"
Allocate 25% of the Community Fund for the UBE single-stake rewards, in addition to what is currently being allocated from Ubeswap trading fees (0.05%) for 3 months.
After the first 3 months, 25% of quarterly buy-back will be automatically allocated for $ube single staking every quarter. To do so, a smart contract will transfer X 'UBE' to the weekly rewards contract, and top-up single staking with 'Y' UBE per week for 'Z' weeks.
The Community Fund distribution would occur at the time it's initiated by the team after a yes vote on Ubeswap's Stake Page. The benefits of this approach are listed below.
Any subsequent allocations from the Community Fund to the UBE single-stake rewards, after this proposal's yes/no completion, will require another proposal and vote.
Any suggestions related to burning UBE should be proposed and discussed separately in its own channel.