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Proposal: Voting on Lending Emission Allocation for Epochs 67 to 70

Voting ended over 1 year agoSucceeded

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
Optimism USDC $4.19M 1.0
Optimism ETH Pool#2 $3.25M 1.2
Optimism VELO $3.02M 0.8
Optimism USDC Pool#2 $2.37M 1.2
Optimism DAI $1.14M 1.0
Base AERO $36.7M 0.8
Base USDC $36.4M 1.0
Base USDC Pool#2 $6.74M 1.2
Base ETH $6.56M 1.0
Base USD+ $3.21M 1.0
Base USDz $1.88M 1.0
Base WELL $1.17M 0.8

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 67 to 70.
  • The applied lending emission allocation will be announced one day before the start of each epoch.

Off-Chain Vote

USDC on Optimism
515.1K veEXTRA2.6%
ETH Pool#2 on Optimism
76.13K veEXTRA0.4%
VELO on Optimism
4.11M veEXTRA20.8%
USDC Pool#2 on Optimism
62.46K veEXTRA0.3%
DAI on Optimism
82.27K veEXTRA0.4%
AERO on Base
9.65M veEXTRA48.9%
USDC on Base
3.32M veEXTRA16.8%
USDC Pool#2 on Base
368.52K veEXTRA1.9%
ETH on Base
54.63K veEXTRA0.3%
USD+ on Base
1.47M veEXTRA7.5%
USDz on Base
16.5K veEXTRA0.1%
WELL on Base
17.4K veEXTRA0.1%
Quorum:39509%
Download mobile app to vote

Timeline

Oct 17, 2024Proposal created
Oct 18, 2024Proposal vote started
Oct 21, 2024Proposal vote ended
Oct 21, 2024Proposal updated