Proposal overview

Until now, only $ADX-STAKING (soon to be $stkADX) or $ADX-LOYALTY on Ethereum were eligible as governance tokens. We now propose to enable holders of $ADX to also participate in governance, even if their tokens are not staked (also on Ethereum). Please note that if this proposal passes, the voting power of $ADX tokens will be half (0.5 points) that of staked $ADX tokens ($ADX-STAKING or $ADX-LOYALTY).

Voting options

• Yes - allow voting with $ADX
• No - do not allow voting with $ADX

Proposal motivation

Currently, governance participation is limited to staked token holders. Staking serves important purposes (e.g., security, alignment, long-term commitment), however it could unintentionally exclude a portion of token holders from contributing to decision-making since not all $ADX tokens are staked. This proposal aims to extend governance rights to unstaked token holders, ensuring broader, more inclusive participation while maintaining the integrity of the system.

Voting eligibility

• Hold $ADX-STAKING or $ADX-LOYALTY before the snapshot.
• Any token changes after the snapshot will not affect the voting power. For example, staking your $ADX tokens after the snapshot will not allow you to participate in this vote.