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Onyx XCN DAOOnyx XCN DAOby0xec390Ff01ac8a0eeF0461881Da4B228C3dC997080xec39…9708

Adjust XCN Emissions Rate

Voting ended 8 months agoSucceeded

This proposal seeks community approval to lower staking rates by adjusting daily emissions to 2.5M XCN, with the goal of eliminating farming arbitrage via futures markets and promoting a healthier, more sustainable long-term ecosystem.

Current staking dynamics create opportunities for short-term arbitrage that distort the market and undermine the value of long-term participation. By reducing emissions to 2.5M per day, we aim to discourage exploitative strategies while preparing for the rollout of more robust locked staking mechanisms.

If approved, the DAO will implement the new emission rate as an interim measure to:

• Disincentivize yield farming arbitrage with derivatives • Promote organic staking aligned with long-term growth • Support market sustainability until locked staking is in place

This change is intended to align incentives with the project’s long-term vision and ensure fairer distribution of rewards among committed participants.

Off-Chain Vote

For
210.37M XCN82.2%
Against
45.71M XCN17.8%
Quorum:128%
Download mobile app to vote

Timeline

Jun 19, 2025Proposal created
Jun 20, 2025Proposal vote started
Jun 22, 2025Proposal vote ended
Jun 22, 2025Proposal updated