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Axion FoundationAxion Foundationby0xDdB5ec9a30FfF8eCfe936f3752d5B9e0748e838F0xDdB5…838F

Temporary Accelerator Percentage changes to kick start the OTC pool

Voting ended almost 4 years agoSucceeded

The following 2 options are proposed to help us start building the OTC Pool

Option A : 65% buybacks / 20% OTC pool / 15% Foundation / 0% wBTC Divs - Option A burns more AXN - Option Provides lower dividends than option B. However, to compensate for the pause on wBTC dividends we would provide liquid AXN dividends as a temporarily replacement. - Option A builds the OTC much quicker

Option B : 65% buybacks/ 10% OTC pool / 15% Foundation / 10% wBTC Divs - Option B provides more dividends. To compensate the % reduction of wBTC divs we would also provide AXN liquid divs to stakers - Option B burns less AXN - Option B will require twice as much volume as option A to establish the same amount in the OTC pool

For comparison, we need to consider our current volume:

With today’s volume, the difference in divs between options A and B won’t make much of a difference to our stakers. However, option A would reduce the effects of sell pressure when compared to option B, which should be taken into consideration if we are looking to support price appreciation.

Off-Chain Vote

Option 1 - 65% / 20% / 15% / 0%
62 Votes72.9%
Option 2 - 65% / 10% / 15% / 10%
23 Votes27.1%
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Discussion

Axion FoundationTemporary Accelerator Percentage changes to kick start the OTC pool

Timeline

May 02, 2022Proposal created
May 02, 2022Proposal vote started
May 09, 2022Proposal vote ended
Oct 26, 2023Proposal updated