The performance of DOP is very poor and must be turned around.
There are three major issues:
- Lack of user activity
- Too large supply for the number of users
- Lack of liquidity on DOP pairs (EOS and DEOS)
Number 1 is hard to fix while EOSBTC struggles, so let us look at solutions for 2 and 3.
Solution to problem 2: An immediate 50% cut in total supply for DOP. From 6 million to 3 million. This will improve token scarcity, but will also allow for one more year of production/inflation at 30,000 DOP per week (users can vote to change the production rate later, if they want). This can provide an immediate improvement in the value of DOP, without altering the rewards. This must be done to help save the DOP price for now.
Solution to problem 3: Once the total supply is changed, and the price has adjusted upwards, remove staking and provide extra rewards for liquidity providers to prevent price dumping. You can also follow defibox example and create a long term savings system instead of staking. This has worked very well for Defibox so far. Box price has stabilized. Reward dumping has almost stopped for them.