Summary:

This proposal suggests the introduction of the VE token model for xALD.

Motivation:

As part of the Aladdin DAO tokenomics revamp, we would like to introduce the vote escrow model for wrapped xALD. Users will have the option to lock their staked ALD tokens for any duration between 1 day and 4 years and the ve power of each lock will be determined by the amount locked and the remaining lock time left.

By introducing vewxALD we can incentivize token holders to maintain a long-term commitment to the protocol's success. Some of the benefits will be:

• Governance rights over Aladdin DAO;

• Revenue share from protocols launched by Aladdin;

• Possible airdrops from future protocols launched by Aladdin;

For more details, please refer to the forum post AIP-05.

Proposal:

We propose to introduce the vote escrow token model for staked ALD.

FOR: Introduce the model and give vewxALD the governance rights and revenue share

Against: Maintain the current token model