【Proposal-05】Reduce the amount of APX rewards earned in APX-BUSD LP staking

Dear user,

To further reduce APX circulating supply in the market, ApolloX plans to initiate a proposal to reduce the amount of APX rewards earned in APX-BUSD LP staking. The extra reward tokens after the adjustment will be added into the LP staking contract and will not circulate in the market.

The LP staking rewards amount is calculated according to a single block reward of 3 APX, and the formula is as follows:

User’s current block reward= APX output of a single block * the number of LPs staked by the user in the current block/the total number of LPs staked in the current block.

Depending on the voting results, the APX output produced by a single block could be reduced to 1.5 or 2. Otherwise, there will be no change to the output. After the vote has passed, the parameters will be amended and this will take effect the following day.

Option 1: Reduce APX output to 2 Option 2: Reduce APX output to 1.5 Option 3: No change