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EquationDAOEquationDAOby0xa12e78dC5d33241aa59963FFbF4f7c7cF7a2b3AAequationdao.eth

EQUIP-9: Proposal to Introduce a Mining Coefficient in v3

Voting ended almost 2 years agoSucceeded

Motivation:

  1. To enhance the liquidity of EQU.
  2. To provide greater mining rewards for users who are willing to contribute to the EQU ecosystem.

Specification:

Define a user's Pool2_EQU as the amount of Staked EQU in the EQU/ETH LP NFT (Pool2). The Mining Coefficient for this user is determined as follows:

  • If Pool2_EQU ≤ 10, then the Mining Coefficient = 1.
  • If Pool2_EQU ≥ 100, then the Mining Coefficient = 2.
  • If 10 < Pool2_EQU < 100, then the Mining Coefficient = 1 + (Pool2_EQU - 10) / 90.

Scope of Application for the Mining Coefficient:

  • Profit Rate Mining
  • Loss Compensation Mining
  • Liquidity Mining

Voting:

The vote on this proposal will begin at 10:00 UTC on May 1, 2024, and will last for two days.

Off-Chain Vote

In favor
510.96K veEQU81.3%
Against
117.15K veEQU18.7%
Abstain
0 veEQU0%
Download mobile app to vote

Timeline

May 01, 2024Proposal created
May 01, 2024Proposal vote started
May 03, 2024Proposal vote ended
Jul 03, 2024Proposal updated