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

Cross chain vote: EDE Fee Distribution + slight emission change

Voting ended almost 3 years agoSucceeded

Proposal has 3 options. Option 1 & 2 look at emission changes for $gEDE across both chains, EDE/BNB LP farming on BNBchain & fee distribution across both chains. The proposal looks at establishing more bandwidth for fee distribution to $EDET, to establish a stronger DAO treasury & a staking option for $EDET that captures 10% of the revenue for $EDET staking.

Option 1 -gEDE 1,000 -> 1,500 $aEDE (ARBITRUM) -gEDE 500-> 750 $aEDE (BNBchain) -EDE/BNB LP farming 500 -> 250 (BNBchain)

-Fee distribution decrease to 10% for gEDE (both chains) -45% for EDET (increased) (both chains) (Note: 35% is for EDET treasury, 10% is for EDET staking rewards) -45% for ELP (unchanged) (both chains)

Option 2 Change emissions -gEDE 1,000 -> 1,250 $aEDE (ARBITRUM) -gEDE 500-> 625$aEDE (BNBchain) -EDE/BNB LP farming 500 -> 250 (BNBchain)

-Fee distribution decrease to 20% for $gEDE (both chains) -35% for $EDET (increased) (both chains) (Note: 25% is for EDET treasury, 10% is for EDET staking rewards) -45% for $ELP (unchanged) (both chains)

Option 3 Reject proposal and go back to community for further consultation

Off-Chain Vote

Vote Option 1
452.25K gEDE90%
Vote Option 2
50.51K gEDE10%
Vote Option 3
0 gEDE0%
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Timeline

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