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DFX FinanceDFX Financeby0x84A0fC18a43357D6224C4138D0E3979FC27bb5E30x84A0…b5E3

[DIP-002] Liquidity Mining Incentive Scheme

Voting ended over 4 years agoSucceeded

Proposed allocation of DFX liquidity mining rewards as follows: 80% of DFX tokens allocated to Ethereum mainnet stablecoin pools 20% of DFX tokens allocated to Polygon stablecoin pools

A point system is to be implemented such that each currency can have up to a maximum of 10 points. It scales down linearly based on currency volume but the community can vote to increase/decrease it by up to 2 points per proposal if the community deems the stablecoin as high/low demand (i.e. PHP, INR, etc.). The source of the volume will be Bank for International Settlements (BIS) report. https://www.bis.org/statistics/rpfx19_fx.pdf

Top 1-5: 10 pts (EUR, JPY, GBP, AUD CAD) 6-10: 9 pts (CHF, CNY, HKD, NZD, SEK) 11-15: 8 pts (KRW, SGD, NOK, MXN, INR) 16-20: 7 pts (RUB, ZAR, TRY, BRL, TWD) 21-25: 6 pts (DKK, PLN, THB, IDR, HUF) 26-30: 5 pts (CZK, ILS, CLP, PHP, AED) 31-35: 4 pts (COP, SAR, MYR, RON, OTH) 36-40: 3 pts 41-45: 2 pts 46-50: 1 pt

The allocation will be based on the total amount of points allocated and the total points distributed.

Off-Chain Vote

Update liquidity mining scheme
529.55K 66.1%
Do nothing
271.79K 33.9%
Download mobile app to vote

Timeline

Aug 31, 2021Proposal created
Aug 31, 2021Proposal vote started
Sep 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated