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AkropolisAkropolisby0x5780837C1d9AC3CD9b72203c8A0CFAC73a9FC0b80x5780…C0b8

AIP-010: Choose new ADEL>AKRO swap rate

Voting ended almost 5 years agoSucceeded

Proposal Origins A few weeks back, AKRO token holders approached the core team with the idea of AIP008 after their independent discussions. After the proposal was published, another community member came up with AIP-009 as an alternative proposal.

Proposals TLDR

  • AIP-008 proposes to reduce swap rate among all ADEL origination sources from 1:15 to 1:3.1, which would leave around 170M AKRO for LM, community initiatives, etc. In this case, vesting would be reduced to one year instead of two.
  • AIP-009 16 takes into account feedback received on AIP008 and proposes to reduce swap rate only for the ADEL rewards accrued before Jan 6, thus leaving the potential LM & community fund with around 80M AKRO. Vesting won’t be changed and will remain 2 years.
  • In order to allow everyone to swap in time after changes of the winning option are implemented, we will be prolonging swap duration until June 15, with vesting starting on July 1.
  • All AKRO excluded from swap will be used for LM, community grants, etc. and will be put into the public contract, giving the community the ability to check how AKRO are used - with possibility to govern LM & community grants in future.

Vote The vote itself will be to choose between AIP008 & AIP009 and will continue for a week. Once the voting is completed, changes would be implemented in accordance with the winning option.

Link to governance forum - https://gov.akropolis.io/t/aip-010-thoughts-on-the-aip008-009-from-the-akropolis-team/440

Off-Chain Vote

8 - Change rate for all ADEL
4.14M 5.9%
9 - Change rate for ADEL rewards
65.84M 94.1%
Download mobile app to vote

Timeline

Apr 22, 2021Proposal created
Apr 22, 2021Proposal vote started
Apr 28, 2021Proposal vote ended
Oct 26, 2023Proposal updated