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[BIP-14] Token Migration & Distribution

Voting ended over 3 years agoSucceeded

Following the passing of BIP-6, we know that we must revisit how the unlocking/governance system of BAO works in accordance with a vote escrow model.

This proposal aims to agree

  • A BAO token migration including the necessary supply reduction to implement veBAO and a new emissions model.
  • A framework for a new governance model surrounding veBAO
  • The distribution function for locked BAO tokens, including flexibility to unlock early, unlock over 3 years or lock straight into veBAO.
  • Operational changes that must accompany this proposal.
  • Liquidity provider migration and LPs we will initially incentivize in gauges

Full details of the proposal can be found here: https://gov.bao.finance/t/bip-14-token-migration-distribution/1140

Off-Chain Vote

Approve
10.31B BAO100%
Deny
1.4M BAO0%
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Timeline

Jul 28, 2022Proposal created
Jul 28, 2022Proposal vote started
Jul 31, 2022Proposal vote ended
Oct 26, 2023Proposal updated