# Adjust Wing incentive rate for Peer-to-Peer Pool

**URL:** <https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107>\
**Category:** Discussion\
**Created:** [June 24, 2024, 2:38am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107 "2024-06-24T02:38:37Z")\
**Posts on this page:** 17\
**Page:** 1

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**Author:** ![WingUser](https://gov.wing.finance/letter_avatar_proxy/v4/letter/w/bcef8e/32.png) [@WingUser](https://gov.wing.finance/u/WingUser)\
**Post date:** [June 24, 2024, 2:38am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/1 "2024-06-24T02:38:37Z")

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**Reasoning:**  
This proposal aims to increase Wing token economic and follow past WIP-04 and WIP-14.  
Current Wing incentive distribution rate:

- Flash Pool (Ontology) 34.12%
- Flash Pool (Ethereum) 0.14%
- Flash Pool (OKC) 0.12%
- Flash Pool (BNB Chain) 36.21%
- Flash Pool (Ontology EVM) 0.1%
- NFT Pool 0%
- Peer-to-Peer Pool 29.31%
- Inclusive Pool 0%

Follow this distribution rate seem Peer-to-Peer Pool now have high weight but Wing Protocol don’t generate any reserve for WIP-04 [Should Wing DAO buy back WING tokens from the open market and burn them via smart contract]

Peer-to-Peer pool also not follow WIP-14 [New Usage for WING: borrower can only get WING APY by locking WING]

**Proposal Overview:**  
Discontinue the Wing incentive for Peer-to-Peer protocol

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**Author:** ![Bap](https://gov.wing.finance/letter_avatar_proxy/v4/letter/b/b5e925/32.png) [@Bap](https://gov.wing.finance/u/Bap)\
**Post date:** [June 24, 2024, 6:08am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/2 "2024-06-24T06:08:37Z")

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I will vote for this. P2p pool really bad economic for our protocol

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**Author:** ![gwolf](https://gov.wing.finance/letter_avatar_proxy/v4/letter/g/7cd45c/32.png) [@gwolf](https://gov.wing.finance/u/gwolf)\
**Post date:** [June 24, 2024, 1:14pm UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/3 "2024-06-24T13:14:49Z")

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Agree. 30% should be the starting point. It should be removed completely later on.

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**Author:** ![ChungDAO](https://gov.wing.finance/letter_avatar_proxy/v4/letter/c/c5a1d2/32.png) [@ChungDAO](https://gov.wing.finance/u/ChungDAO)\
**Post date:** [June 24, 2024, 3:19pm UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/4 "2024-06-24T15:19:09Z")

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I think so. P2P really bad for our economic, please create the vote ASAP

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**Author:** ![ChungDAO](https://gov.wing.finance/letter_avatar_proxy/v4/letter/c/c5a1d2/32.png) [@ChungDAO](https://gov.wing.finance/u/ChungDAO)\
**Post date:** [June 24, 2024, 3:50pm UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/5 "2024-06-24T15:50:00Z")

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P2P pool not follow our WIP14 rule for Wing incentive distribution

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**Author:** ![WingUser](https://gov.wing.finance/letter_avatar_proxy/v4/letter/w/bcef8e/32.png) [@WingUser](https://gov.wing.finance/u/WingUser)\
**Post date:** [June 24, 2024, 4:04pm UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/6 "2024-06-24T16:04:55Z")

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Yes, P2P pool can be removed in advance for Wing protocol

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**Author:** ![Bap](https://gov.wing.finance/letter_avatar_proxy/v4/letter/b/b5e925/32.png) [@Bap](https://gov.wing.finance/u/Bap)\
**Post date:** [June 27, 2024, 1:31am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/7 "2024-06-27T01:31:18Z")

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Admin please create the Vote for users.

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**Author:** ![ChungDAO](https://gov.wing.finance/letter_avatar_proxy/v4/letter/c/c5a1d2/32.png) [@ChungDAO](https://gov.wing.finance/u/ChungDAO)\
**Post date:** [June 27, 2024, 2:32am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/8 "2024-06-27T02:32:04Z")

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When will vote happen? Peer-to-Peer pool still increase in distribution rate

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**Author:** ![ChungDAO](https://gov.wing.finance/letter_avatar_proxy/v4/letter/c/c5a1d2/32.png) [@ChungDAO](https://gov.wing.finance/u/ChungDAO)\
**Post date:** [June 27, 2024, 2:38am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/9 "2024-06-27T02:38:48Z")

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P2P pool don’t generate any Team reserve for buyback Auction.

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**Author:** ![WingUser](https://gov.wing.finance/letter_avatar_proxy/v4/letter/w/bcef8e/32.png) [@WingUser](https://gov.wing.finance/u/WingUser)\
**Post date:** [June 27, 2024, 2:46am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/10 "2024-06-27T02:46:51Z")

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Yes. They not followed WIP-14 also don’t generate any reserve for WIP-04 which can be found here wing. finance/vote?anchor=wip04)

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**Author:** ![WingUser](https://gov.wing.finance/letter_avatar_proxy/v4/letter/w/bcef8e/32.png) [@WingUser](https://gov.wing.finance/u/WingUser)\
**Post date:** [June 27, 2024, 2:49am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/11 "2024-06-27T02:49:20Z")

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It will be determined by Wing DAO admin. Maybe happen soon in a week.

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**Author:** ![Vicktor](https://gov.wing.finance/letter_avatar_proxy/v4/letter/v/5daacb/32.png) [@Vicktor](https://gov.wing.finance/u/Vicktor)\
**Post date:** [June 27, 2024, 8:36am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/12 "2024-06-27T08:36:57Z")

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Actually, this doesn’t depend on admin. Instead, after a proposal reaches 100 views and ten comments, a voting application can be initiated. Here are the specific rules  
https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107

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**Author:** ![WingUser](https://gov.wing.finance/letter_avatar_proxy/v4/letter/w/bcef8e/32.png) [@WingUser](https://gov.wing.finance/u/WingUser)\
**Post date:** [June 27, 2024, 10:33am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/13 "2024-06-27T10:33:39Z")

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I already change the proposal. Hope we will vote soon

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**Author:** ![WingUser](https://gov.wing.finance/letter_avatar_proxy/v4/letter/w/bcef8e/32.png) [@WingUser](https://gov.wing.finance/u/WingUser)\
**Post date:** [June 27, 2024, 4:12pm UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/14 "2024-06-27T16:12:41Z")

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Discontinue the Wing incentive to match WIP-14 and WIP-04. We should act asap before too much users abuse P2P pool only for incentive.

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**Author:** ![Bap](https://gov.wing.finance/letter_avatar_proxy/v4/letter/b/b5e925/32.png) [@Bap](https://gov.wing.finance/u/Bap)\
**Post date:** [June 28, 2024, 2:38am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/15 "2024-06-28T02:38:33Z")

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I got the research from WingDao Geoff Richards

https://geofftrichards.medium.com/token-incentives-in-defi-b550859a3968

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**Author:** ![gwolf](https://gov.wing.finance/letter_avatar_proxy/v4/letter/g/7cd45c/32.png) [@gwolf](https://gov.wing.finance/u/gwolf)\
**Post date:** [July 19, 2024, 12:57pm UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/16 "2024-07-19T12:57:30Z")

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It has been for a while. Can we vote on this now?

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**Author:** ![WingUser](https://gov.wing.finance/letter_avatar_proxy/v4/letter/w/bcef8e/32.png) [@WingUser](https://gov.wing.finance/u/WingUser)\
**Post date:** [July 27, 2024, 5:29am UTC](https://gov.wing.finance/t/adjust-wing-incentive-rate-for-peer-to-peer-pool/1107/17 "2024-07-27T05:29:22Z")

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Admin didn’t approve for voting
