Please carefully read the proposal thread on the governance forum before you vote: https://commonwealth.im/lattice-gateway/discussion/14541-lip-13-lifi-fee-distribution
The fees of the LiFi swap integration are being received in the form of the respective token being swapped: this means we are receiving different kinds of EVM tokens on different kinds of EVM networks.
In order to save on respective network and swap fees LIP #13 proposes to set an accumulation target for the fees. When the accumulation target of x $USD is reached, the fees will be used to buy $LTX and then distributed to all veLTX holders.
Setting a lower accumulation target will shorten the duration between distributions, but increase the overall network and swap fees. The reverse happens for a higher accumulation target - there will be a longer duration between distributions but the overall network and swap fees will be lower.
The voting will go for seven (7) days.
There will be three different choices for the accumulation target:
- 30,000 $USD
- 45,000 $USD
- 60,000 $USD
Off-Chain Vote
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- Author
0xB184…140B
- IPFS#bafkreic
- Voting Systemsingle-choice
- Start DateDec 26, 2023
- End DateJan 02, 2024
- Total Votes Cast13.62M veLTX
- Total Voters149
Discussion
Timeline
- Dec 26, 2023Proposal created
- Dec 26, 2023Proposal vote started
- Jan 02, 2024Proposal vote ended
- Jan 02, 2024Proposal updated