veEXTRA Staking Emission Review - 2024 Q4

Background

As per proposal ExIP-01 , 30% of the fee buyback is matched as additional staking rewards. This will be reviewed on a quarterly basis. Governance will determine whether adjustments are necessary.

With the introduction of borrowing fees to reward veEXTRA holders, there are now more organic and real yields for veEXTRA holders.

This proposal aims to reduce inflation by decreasing emissions and mitigating sell pressure for the entire EXTRA community.

Rationale

Inflation Control: Reducing emissions can help control inflation, thereby preserving the long-term value of EXTRA tokens. Sustainable Yield: With borrowing fees providing additional rewards, a reduction in emissions ensures yields remain sustainable without over-inflating the supply.

Execution

The chosen allocation percentage will be implemented following the conclusion of this vote.

Proposal

• Option 1: Reduce the emission of the buyback match to 10%
• Option 2: Reduce the emission of the buyback match to 15%
• Option 3: Reduce the emission of the buyback match to 20%
• Option 4: Reduce the emission of the buyback match to 25%
• Option 5: Abstain (No change)