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

Proposal 008: Reduce BNB Open Interest & pool exposure & reduce ELP-2 emissions

Voting ended about 3 years agoSucceeded

Putting forth a motion to stop BNB trading pretty much all together.

-5% weight in pool for BNB -100k open interest long or short for BNB. -Rebalancing stables in the pool to be 50% -Eth to be 25% -BTC to be 30%

CEX whale trading on perp exchanges is becoming an ever growing problem. Without nuking trading entirely, our solution for this problem is to just substantially decrease our BNB exposure & to limit Open interest to 100k.

In addition to this, we wish to propose another emission change with ELP-2.

Changes are as follows:

ELP-1: 2212 aEDE => 2467 aEDE ELP-2: 510 aEDE => 255 aEDE

Off-Chain Vote

Yes - Approve proposal
3.53K gEDE100%
No - Deny proposal
0 gEDE0%
Download mobile app to vote

Timeline

Feb 22, 2023Proposal created
Feb 22, 2023Proposal vote started
Feb 22, 2023Proposal vote ended
Oct 26, 2023Proposal updated