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EDE (El Dorado Exchange)EDE (El Dorado Exchange)by0xcFb52b99401d8F981EEc7212fDE684bEA26E2fA10xcFb5…2fA1

EDE Emission Reduction and Encouraged Locking

Voting ended over 2 years agoSucceeded

Dear EDE Community,

We aim to bolster the EDE token price and in this regard, propose to undertake measures to curtail EDE emission and incentivize token locking.

Here are the proposed measures:

Measure 1: Transition trade-to-earn rewards from aEDE to EDET, setting the reward at an initial rate of 0.2EDET/day.

Measure 2: We suggest a reallocation of our fee structure to incentivize more EDE staking. The proposed changes are as follows:

-Increase the gEDE rate from 10% to 30%. -Lower the ELP rate from 60% to 50%. -Decrease the Treasury's allocation from 25% to 15%. -Maintain EDET's current rate at 5%.

Measure 3: Cease EDET emissions for EDE stakes. Instead, we encourage users to lock their EDE for gEDE to earn platform fees, thereby promoting more EDE staking activity.

Measure 4: Organize more EDET auctions, which would require users to purchase EDE on the open market.

We believe these changes will lead to a healthier ecosystem, characterized by enhanced staking and a reduction in EDE circulation.

Please cast your vote on these proposals:

Off-Chain Vote

Agree - Proceed with proposal
1.35M gEDE99.7%
Disagree - Need more discussions
3.77K gEDE0.3%
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Timeline

Jul 26, 2023Proposal created
Jul 26, 2023Proposal vote started
Jul 29, 2023Proposal vote ended
Oct 26, 2023Proposal updated