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AdExAdExby0xd6e371526cdaeE04cd8AF225D42e37Bc14688D9E0xd6e3…8D9E

ADX: burn 2 million ADX from treasury in order to extend staking rewards

Voting ended over 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 ADX
0 ADX0%
Distribute 2M ADX + halving
4.82M ADX100%
Drop pool rewards to 0%
0 ADX0%
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Timeline

Jul 10, 2023Proposal created
Jul 10, 2023Proposal vote started
Jul 21, 2023Proposal vote ended
Oct 26, 2023Proposal updated