Proposal: Voting on Lending Emission Allocation for Epochs 123 to 126

Background

As per the recently passed governance proposal, lending emissions will be reallocated every four epochs based on community voting. This proposal is to allocate lending emissions based on the new emission system.

https://snapshot.org/#/extradao.eth/proposal/0x0f56a566c27aba9ba49999e85ec25bdd1cc070f864062906b5027c3cb7238df2

Eligible Pools

The following pools had a TVL greater than $1M in the previous epoch and are eligible for voting:

Chain	Pool	TVL	Pool Multiplier
Base	AERO	$17.9M	0.8
Base	USDC	$13.6M	1.0
Base	ETH	$5.16M	1.0
Base	VIRTUAL	$1.32M	0.8
Base	USDC Pool#2	$1.2M	1.8
Base	ETH Pool#2	$1.04M	1.8

Voting Process

• Weighted voting: Each veEXTRA holder can spread their voting power across any number of eligible pools, from one to all. Their voting power will be divided between their chosen options according to how much weight they attribute to each option by increasing or decreasing the voting power fraction.
• The final allocation will be determined based on the vote percentage for each pool, multiplied by the respective Pool Multiplier.

Voting Details

• The pool with the highest weighted vote (Vote Percentage × Pool Multiplier) will receive a larger share of emissions for Epochs 123 to 126.
• The applied lending emission allocation will be announced one day before the start of each epoch.

Additional Notes

• Pools that receive less than 1% of the total votes will not be allocated any emissions. The unallocated portion from these low-vote pools will be redistributed proportionally among the other eligible pools, based on their respective voting percentages.
• Based on the emission allocation of each epoch, pools with rewards lower than 1,000 EXTRA will not receive any emissions. This is to avoid extremely small allocations that are impractical for system processing.