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EDE (El Dorado Exchange)EDE (El Dorado Exchange)by0x9a94DD41a22Fdc85DA59b10B9dA9f234931EB7Ae0x9a94…B7Ae

Proposal for $ELP $EDET incentives pool

Voting ended almost 3 years agoSucceeded

Currently, we are sitting at less than 2 million $ELP-1 and we need to deepen our liquidity pool. Rather than looking to increase emissions of $aEDE to attract more $ELP, we have another idea that will cause non-dilutive sell pressure and be able to attract more $ELP.

Using our DAO treasury allocation that we are staking per day, we would like to propose the the tokens we are staking for $EDET accumulation to be used to provide an alternative staking incentive for $ELP to receive $EDET.

Basically, the idea is we would release a new staking contract that enables $ELP stakers another option to stake their $ELP to receive $EDET rather than $aEDE.

The $EDET we are hoping to give this new contract is roughly 0.1-0.2 $EDET per day. No changes would be made to the current $aEDE emission rate, we are just proposing introducing another option for staking $ELP for $EDET rewards.

Note: $ELP-3 is not included in this proposal, this proposal is only looking at $ELP-1.

Option 1 Approve the use of the staked DAO tokens (300k Arb & 150k BNB chain) to use as fuel for the $ELP $EDET staking pool, a separate staking option for $ELP to gain $EDET rewards.

Option 2 Approve the use of the staked DAO tokens (300k Arb & 150k BNB chain) to use as fuel for the $ELP $EDET staking pool, a combined staking option with the current $aEDE rewards that will also get $EDET rewards.

Option 3 Re-discuss proposal with community.

Option 4 Reject proposal.

Off-Chain Vote

Option 1
9.3K gEDE3.5%
Option 2
62.91K gEDE23.8%
Option 3
192.27K gEDE72.7%
Option 4
92.91 gEDE0%
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Timeline

May 21, 2023Proposal created
May 21, 2023Proposal vote started
May 22, 2023Proposal vote ended
Oct 26, 2023Proposal updated