【Proposal-06】Adjustment of Trading Rewards Amount
Dear ApolloX users,
The Trading Rewards Program has successfully launched 30 epochs since its commencement. Based on community suggestions and feedback, ApolloX will reduce the trading rewards amount in each epoch and the reduction amount will be determined by user’s votes.
This adjustment will take effect on 15th November 2022 once the vote has passed and the excess APX will be scheduled to be burned.
Option 1: After adjustment, the Trading Fees Contribution reward pool will be 680,000 APX while Market Maker Trading Volume Contributions reward pool will be 160,000 APX Option 2: After adjustment, the Trading Fees Contribution reward pool will be 600,000 APX while Market Maker Trading Volume Contributions reward pool will be 140,000 APX
Off-Chain Vote
Option 1
1.34M Apx Power12.5%
Option 2
9.35M Apx Power87.5%
Timeline
Nov 04, 2022Proposal created
Nov 04, 2022Proposal vote started
Nov 11, 2022Proposal vote ended
Oct 26, 2023Proposal updated