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BendDAOBendDAOby0x200D26204DDb9Eb07C8c3D73Fbb1E2E16527bD19piratecode.eth

BIP #53 Adjust the protocol revenue to reduce the risk from SEC

Voting ended about 2 years agoSucceeded

Summary Adjust the protocol revenue to reduce security risk from SEC.

Background In the past 700 days, BendDAO has distributed 1900+ ETH for the participants, but As SEC supervision becomes more stringent, it will be a risk to do the action in the future. So we will stop the distribution and make all the protocol revenue go into the DAO treasury first.

For the existing VeBend holders, we may find a better way to let you have the chance to grow with us with other equity, and the voting power is still available.

Phase 1: Idea or Draft Minimum number of supports: 10 - Pass Discord Idea: https://discord.com/channels/897709643948761148/1209116674838757386

Phase 2: BendDAO Forum Discord Minimum number of voters: 10 - Pass

Forum: Adjust the protocol revenue to reduce the risk from SEC- BIP Ideas - BendDAO

Phase 3: On-chain voting Voting Quorum: Approximately 56M veBEND (10% of the total supply) Pass Rate: Over 70% Approve. The voting will last for 7 days.

Changes The protocol revenue will goes to DAO treasury.

$BEND Token Incentives: None

Off-Chain Vote

In favor
185.19M veBEND90.7%
Oppose
18.88M veBEND9.3%
Abstain
0 veBEND0%
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Discussion

BendDAOBIP #53 Adjust the protocol revenue to reduce the risk from SEC

Timeline

Feb 22, 2024Proposal created
Feb 22, 2024Proposal vote started
Feb 28, 2024Proposal vote ended
Mar 15, 2024Proposal updated