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gvVALUEgvVALUEby0x83833B4C6d9D408964feeF57624C3a726bD124D00x8383…24D0

vBIP01 Revote: Lock vBSWAP mechanism

Voting ended almost 5 years agoSucceeded

vBIP01 Revote: Lock vBSWAP mechanism

This is a governance vote regarding our announcement on April 14th: https://discord.com/channels/738345978750435408/744758563376857210/831726531960242217

When we originally conducted vBIP01, vBSWAP used a totally different reward mechanism. Before we used a burning model, now we have moved into a profit-sharing model. vBSWAP has matured and is now a vital rewarding token for not only our platform but now all our partner pools too. Due to these changes and recommendations from our community, we will be holding this vote again with a few extra options.

Instead of getting 100% vBSWAP from farming, all farmers will get only 30% of their vBSWAP at the time of claiming, the remaining 70% will be unlocked after X months and linear vested over X month.

(1) No lock (This choice means to cease vBIP01 implementation) (2) Keep lock (vBIP01 will be performed) (3) Reduce lock duration to 1 month (vBIP01 lock period will be reduced to 1 month) (4) Apply the 3months 70% lock to the 7days vBSWAP/BNB 50/50 locked pool only

All gvVALUE-B holders are qualified to vote for this proposal.

The quorum for this proposal to pass is 15%.

Off-Chain Vote

No lock
400.25K 84%
Keep lock
14.97K 3.1%
Reduce lock duration to 1 month
30.5K 6.4%
Apply to 7days locked pool only
30.72K 6.4%
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Timeline

Apr 19, 2021Proposal created
Apr 19, 2021Proposal vote started
Apr 22, 2021Proposal vote ended
Oct 26, 2023Proposal updated