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AlluoAlluoby0xfb7A51c6f6A5116Ac748C1aDF4D4682c3D50889E0xtuytuy.eth

Implemenation of v2 token economics

Voting ended over 3 years agoSucceeded

This is a proposal by the Core contributors to evolve the token economics of the Alluo protocol to its next version.

The proposed evolution of the tokenomics is as follows:

  1. Convert all the protocol revenue to CVX
  2. Send this CVX to a rewards vault that the
  3. Add this CVX to the CVX/ETH Curve pool (which gives CVX/ETH Curve LPs in return)
  4. Stake these CVX/ETH Curve LPs on Convex for more CRV and CVX rewards (currently 26.55%)
  5. At regular intervals (initially every 2 weeks), convert the CRV rewards above for more CVX and send all the CVX earned to the rewards vault as described in step 2 above (this creates a boosting loop)

The full proposal can be found here: https://blog.alluo.io/alluo-tokenomics-v2-3ff53bebcf8d

Off-Chain Vote

I support this proposal
251.24K vlALLUO99.3%
I DO NOT support this proposal
1.74K vlALLUO0.7%
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Discussion

AlluoImplemenation of v2 token economics

Timeline

Sep 14, 2022Proposal created
Sep 14, 2022Proposal vote started
Sep 21, 2022Proposal vote ended
Oct 26, 2023Proposal updated