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Impossible FinanceImpossible Financeby0x5b3Ed6068d0a16BB008d4F10d10f9f6EB84672A50x5b3E…72A5

[GEP-0013] Impossible Launchpad Standard Staking Pool Adjustment

Voting ended over 3 years agoSucceeded

What is the problem / opportunity? This proposal aims to set out the general framework for future Impossible Finance Launchpad Standard Staking Pool to be adopted by the DAO.

What is the proposed solution? The Impossible community has been supporting projects and launches for over a year. To adjust to the demand of the community of IDIA and loyal launchpad users, after collecting various feedbacks, we noticed a necessity to increase the staking cap from the current level of 10,000 IDIA.

Users can stake more IDIA in standard staking pool

Adjusting Impossible Finance Standard Staking Pool

  • Realizing an increasing demand for staking IDIA in Impossible Finance Standard Staking Pool
  • Create more favourable staking scenario for the Impossible Community
  • With reference to staking and holder statistics, adjusting staking limit for Impossible Finance Standard Staking Pool would be optimal for the growth of Impossible Finance Launchpad

Key milestones / timeline Upon the approval of this proposal, and subsequently, Impossible Finance will adjust the staking cap for Impossible Launchpad Standard Staking Pool according to the voting results. This allows users to prepare for the coming launches.

Benefits to token holders and community members This change will increase the staking cap for Impossible Launchpad Standard Staking Pool to create optimal experiences for Impossible Launchpad users, including the chance to obtain better allocations.

Off-Chain Vote

Approve increase to 50,000 IDIA
171.47K IF33.5%
Approve increase to 40,000 IDIA
99.33K IF19.4%
Approve increase to 25,000 IDIA
201.62K IF39.4%
Status quo to be retained
39.16K IF7.7%
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Timeline

Aug 13, 2022Proposal created
Aug 13, 2022Proposal vote started
Aug 16, 2022Proposal vote ended
Oct 26, 2023Proposal updated