Proposal for EDE Tokenomics 2.0 Voting (Both ARB and BNB gEDE holders are eligible to vote)

Overview:

We are refining our tokenomics to adapt to present-day challenges and draw inspiration from successful DEX projects. The updated token economic model concentrates on four key components: 1.Meet the needs of short-term users 2.Establish a DAO treasury to create a floor price mechanism 3.Make the platform more trader-friendly 4.Re-adjust the daily emission

1.Meet the needs of short-term users
1.1. Implement EDE LP farming

-Add native EDE LP mining without lock-up restrictions
-Allow users to deposit and withdraw at any time

1.2. Reduce aEDE vesting period to 24 hours

-Introduce a new unlocking smart contract with a 24-hour vesting period -Retain the original aEDE vesting contract to prevent massive sell-offs

1.3. Remove aEDE/EDE liquidity

-Remove the aEDE "SELL" from the EDE app

1.4. Decrease maximum gEDE lock duration to 24 weeks

-Implement a new EDE locking smart contract with a 24-week maximum lock duration -Maintain existing gEDE balances by deploying the new contract alongside the old one

2.Establish a DAO treasury to create a floor price mechanism
2.1. Change fee distribution

Original ratio:

-gEDE: 40% -ELP: 60%

New ratio:

-gEDE: 30% -ELP: 45% -Treasury: 25% Buy EDE LP: 10% Buy ELP: 15%

3.Make the platform more trader-friendly
3.1. Set the short-term tax duration to 1 minute

-Change the short-term tax for traders from 5 minutes to 1 minute

4.Re-adjust the daily emission
4.1. BNB chain daily emission

-EDE LP: 500 aEDE
-ELP1: 500 aEDE
-ELP3: 500 aEDE
-Trade incentives: 3000 aEDE
-gEDE: 500 EDE

Total: 4500 aEDE & 500 EDE

4.2. ARB chain daily emission

-EDE LP: 500 aEDE -ELP1: 1000 aEDE -ELP3: 1000 aEDE -Trade incentives: 6000 aEDE

gEDE: 1000 EDE

Total: 8500 aEDE & 1000 EDE