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

Proposal 005 [Arbitrum]: Include $ARB token in $ELP-1

Voting ended about 3 years agoSucceeded

Key points: -Arb will be included in $ELP-1 at a weighting of 5% -Open Interest will be capped at $50k-100k short value until we are confident that the volatility of the $ARB token isn't prone to abuse or prone to intense volatility that could be easy shorts for traders to take advantage of. -With the addition of $ARB into the pool, the pools structure would be one of the following:

Keeping 50% stable coin structure Structure 1 5% ARB 25% ETH 20% BTC 40% USDC 5% USDT 5% DAI

Structure 2 Decided with subsequent vote

Integration of $ARB into ELP-1 would occur roughly Tuesday/Wednesday at this stage given current development priorities (UI overhaul)

Off-Chain Vote

Yes - Add $ARB using Structure 1
186.72K gEDE97.3%
Yes - Add $ARB using Structure 2
5.08K gEDE2.6%
No - Don't add $ARB
20.22 gEDE0%
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Timeline

Mar 24, 2023Proposal created
Mar 24, 2023Proposal vote started
Mar 25, 2023Proposal vote ended
Oct 26, 2023Proposal updated