Community Voting | Distribution of Farming Rewards

Dear Biswap Community,

Recently, a successful community vote was held to stop the BSW emission for Farms with BUSD. The absolute majority voted in favor, so due to this and the fact that Binance will stop supporting BUSD in 2024, rewards for the following farms will be disabled:

Biswap V3:

• BNB-BUSD (0.08%)
• USDT-BUSD (0.015%)
• CGPT-BUSD (0.08%)

Biswap V2:

• BNB-BUSD
• IGU-BUSD
• GHNY-BUSD
• ALPACA-BUSD
• USDT-BUSD
• TMT-BUSD
• BUSD-GQ

📍Please note that BUSD tokens remain available for exchange on the Biswap platform.

Allocating the rewards from Farms with BUSD to other farming pairs will ensure a beneficial experience for liquidity providers and continue to circulate in higher-priority Farms.

As BSW emission and its distribution are crucial for further development, we propose you choose which V3 Farms the BSW rewards will be redistributed to. We hope your decision will have the most favorable consequences for ecosystem participants and BSW holders.

Here are the options for your consideration and voting:

• Distribute rewards to Farms with BSW
• Distribute rewards to Farms with stablecoins
• Distribute rewards to Farms with BTCB

Voting Duration:

📆 Start: 12:00 PM UTC, March 25

📆 End: 12:00 PM UTC, March 26

Terms & Conditions

1. The voting period is from 2024.03.25 12:00 PM UTC to 2024.03.26 12:00 PM UTC.
2. The vBSW can be obtained in the BSW Classic Pool and BSW Investment Pool.
3. Voting results will take effect within 7 business days.
4. Once voted, you will not be able to vote again.
5. You do not need to unstake your BSW tokens from Classic or Investment Pool to vote.
6. If you cannot vote on the Biswap Voting page, please vote on the snapshot.

Disclaimer

As we operate in the DeFi space, the Biswap team assumes no responsibility or liability for the wallets participating in this community voting, which is out of our control. Biswap has never used the team’s tokens to manipulate the community voting results, nor is it planning to do so in the future.

Any reliance you place on the information provided by unofficial Biswap channels is strictly at your own risk. Under no circumstance shall Biswap be held liable for the wallets participating in the current community voting. The voting results shall be considered accurate and fair therefore representing public opinion. Everyone has the right to voice an opinion.

Closing Word

Your decision will influence the allocation of BSW emission and help determine the trajectory of the Biswap ecosystem. Each option has its own value and potential, reflecting our commitment to providing various opportunities for community members.

Quality utilization of financial resources is integral to the functionality and growth of our platform. Farms play an important role in the DEX ecosystem, serving as one of the key components that provide liquidity and facilitate efficient trading.

In closing, your thoughtful participation in voting is not just a choice, but a step in shaping the Biswap DEX. Thank you for your invaluable contribution to our shared journey.