Proposal overview

Several major milestones, part of AdEx’s ongoing development, have reshaped the role of the $ADX token. These include reaching the total supply cap and expanding ADX’s utility within AURA for boosting recommendations, AI agent execution, API usage, and acting as a security guarantee, just to name a few. Alongside these changes, we are introducing a new and improved staking mechanism designed to align better with the future of the AdEx ecosystem.

The new staking setup will:

• Provide a more secure, flexible foundation for the next chapter of AdEx and AURA.
• Align staking incentives with the long-term growth of the ecosystem.
• Make future upgrades smoother, without needing hard resets.

This governance proposal outlines the first steps toward that upgrade.

Proposal

We're proposing a new staking mechanism to reflect the expanded utility of $ADX and support future growth. The key changes include:

• One unified pool for all protocol rewards and revenue
• Rewards will continue to be distributed in locked (staked) $ADX; non-ADX revenue will be converted to $ADX (except integration fees)
• Stakers will choose lockup duration; longer locks = more rewards and more visibility
• No unbonding period; points (voting and rewards) decay as unlock date approaches

This upgrade is designed to align incentives better, streamline protocol economics, and unlock more flexibility for the future.

To implement this, we propose developing, auditing, and deploying two new smart contracts:

• Migrator contract: A dedicated contract that will be granted governance permissions to the existing staking pool, designed to facilitate user migration.
• ADX-STAKINGv2 contract: A brand-new staking pool that will serve as the foundation for all future staking activities in the AdEx ecosystem.

The migration will apply to the Tom Pool.

Migration process

Once the migrator contract goes live, rewards in the old pool will stop. Your original stake stays migratable and will enter a 60-day lock period in the new contract.

Rewards will:

• Migrate 100% if moved within 30 days
• Decay 1.11% daily after day 30
• Be zeroed and burned after 120 days

Unbonding accounts must finish unbonding before migrating.

You can find more details in the blog post here

Voting eligibility

Voting is open to holders of our two governance tokens: $ADX-STAKING and $ADX-LOYALTY. Please note that you won't be eligible to vote if you hold $ADX tokens but haven't staked them.

The voting period for this proposal will start on May 5th, 2025, and end on May 19th, 2025.

Useful Links

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