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

Proposal 005: Change ELP-2 & ELP-1 emission rates

Voting ended about 3 years agoSucceeded

Currently atm, ELP-2 is highly underutilized whilst ELP-1 is normally at 50%+ utilization rate.

At the moment, it makes no sense to incentivize ELP-2 as much as we are given it is inflating more than it is earning.

The team proposes to shift 50% of the current ELP-2 emission rate into ELP-1.

At the moment, the current emission rate is this: -ELP-1 1702 $aEDE per day -ELP-2 1021 $aEDE per day.

The team proposes we adjust to the following: -Increase ELP-1 rate to 2212 $aEDE per day. -Reduce ELP-2 rate to 510 $aEDE per day.

We can always adjust at a later stage to redirect rewards back to ELP-2, but until ELP-1 is bulked up, it makes no sense to emit high amounts of tokens from ELP-2 farming, especially whilst it is underperforming as hard as it currently is.

Off-Chain Vote

Yes - change emission rates
26.3K gEDE100%
No - keep emissions the same
0 gEDE0%
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Timeline

Feb 14, 2023Proposal created
Feb 14, 2023Proposal vote started
Feb 15, 2023Proposal vote ended
Oct 26, 2023Proposal updated