This thread is being made as an alternative to the path suggested by fren @Immaterial under the “alchemica economic plan” at:
I wish to propose an alternative for the community to explore, which @Immaterial has agreed he would accept instead of his own proposal.
Building on a growing consensus that nerfing gotchis (core product) is probably more harmful that helpful for our economy at this juncture, an exploration has been made into achieving similar results, without all the trauma and harm to the community.
It’s been identified that the bulk of channeling rewards can be had by a mediocre/floor gotchi on a level 1 altar. The risk and costs of upgrading to higher level altars/parcel or higher kinship/BRS gotchi do not justify the added risk and expenditure. As such, we have engineered a value trap in our economy during a bear market, and it becomes no surprise that assets like spacious parcels, wearables, rare gotchis- they’ve all tanked in value, because all value has now coalesced around floor gotchis and level 1 humble parcels- that has been the absolute best risk/reward ratio that our platform offers.
Why would users spend any more than the cost of a floor gotchi and parcel if that will already yield the most rewards per unit of risk? you can buy a floor gotchi and level 1 humble parcel, channel them daily, then sell them at break-even or profit a few months later.
Based on above, it should be no surprise that other assets continue to agonize- users sell these assets to buy more floor gotchi and parcels - leading to the imbalances we see in our economy.
Make no mistake, I hate nerfs to the bone, and I am creating this suggestion because I believe it is not a nerf, rather a very obvious fix to a problem we have surrounding values and incentives in our economy. I ask the community to consider this fix instead of continuing discussions around nerfing gotchis and core supporters- that’s a very risky and depressing proposition.
I propose we explore increasing spillover for lower level altars, starting at 90 percent for level 1 and increasing 10% for each level altar, until 10 % spillover for level 9 altars. The images below compare, at today’s prices, what gotchis at different kinship and altar levels recieve in USD terms from a single channel (net of spillover)
current channeling yields net of spillover:
proposed new spillover ratios:
Looking forward to others comments and thoughts.
EDIT: upload better image of first table
