AdExby
0xd6e3…8D9E
ADX: burn 2 million ADX from treasury in order to extend staking rewards
Voting ended almost 2 years agoSucceeded
Currently, ADX has reached it's cap of 150M tokens. As such, staking rewards can no longer be distributed.
We propose that we extend the staking rewards by 2 million tokens, which at the current rate equates to 73 days:
2000000/ ((0x4668ee0c6f02be8 / 1e18)) / (246060) = 73
Those 2 million tokens will come out of the ADX treasury, meaning that 2 million ADX will be frozen/burned from the treasury to offset the new mint.
Additionally, we'd also like to propose another halving of ADX rewards rate, which will increase the period to 146 days.
Off-Chain Vote
Distribute 2M ADX0 ADX0%
Distribute 2M ADX + halving4.82M ADX100%
Drop pool rewards to 0%0 ADX0%
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- Author
0xd6e3…8D9E
- IPFS#bafkreic
- Voting Systemsingle-choice
- Start DateJul 10, 2023
- End DateJul 21, 2023
- Total Votes Cast4.82M ADX
- Total Voters9
Timeline
- Jul 10, 2023Proposal created
- Jul 10, 2023Proposal vote started
- Jul 21, 2023Proposal vote ended
- Oct 26, 2023Proposal updated