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Ambire WalletAmbire Walletby0x55e0839F06Ac19be1C42b032872C199Ace43A4Fa0x55e0…A4Fa

Extend xWALLET staking for another year

Voting ended almost 3 years agoSucceeded

Per our whitepaper, the first year of xWALLET staking is additionally incentivized (on top of fee buybacks) with a 4% of the total WALLET supply. This period ended in early February.

We propose that we extend the staking incentive with an additional 4% (of the total supply) for the next year, due to success of the staking intiiative so far - more than 50% of the circulating WALLET supply is currently staked. The additional 4% will come out of the DAO allocation and only amount to approximately 8% additional issuance, which won't go into circulation as it's distributed in staking rewards which are locked by default.

We are also introducing an alternative voting option: extend the staking with a total of 3% of the total supply distributed over the next year, which will amount to approximately 6% additional issuance.

Off-Chain Vote

Yes, extend staking with 4% of t
2.21M xWALLET97.8%
Yes, extend staking with 3% of t
50.43K xWALLET2.2%
No, don’t extend staking
0 xWALLET0%
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Timeline

Feb 08, 2023Proposal created
Feb 08, 2023Proposal vote started
Feb 13, 2023Proposal vote ended
Oct 26, 2023Proposal updated