Lattice Gatewayby
0xB184…140B
[LIP #6.1] 2024-Q3-A04 Distribution of Exolix fees
Please carefully read the proposal thread on the governance forum before you vote: https://commonwealth.im/lattice-gateway/discussion/24843-lip-61-2024q3a04-distribution-of-exolix-fees
This proposal is a follow-up of [LIP #6] Distribution schedule of Exolix fees and is intended to address the way that the funds raised are used to purchase and distribute assets. The proposal offers various options for using the Exolix fees to purchase assets and manage their distribution. Three options include a Twenty per cent (20%) allocation to the Lattice Gateway treasury from the purchased assets and an eighty per cent (80%) allocation towards $veLTX holder rewards. Any purchases based on the Time-Weighted Average Price (TWAP) model will be done throughout a quarter (3 months) using fees generated the previous quarter. All distributions of assets purchased during the quarter will occur at the beginning of the next quarter (the quarter after the 3 months in which assets were purchased with Time-Weighted Average Price (TWAP) model).
There will be four different voting options:
- Only purchase $LTX tokens. Accumulate fees and buy $LTX using a Time-Weighted Average Price (TWAP) model and distribute the purchased assets, with 20% allocated to the Lattice treasury and 80% to $veLTX holders.
- Purchase $LTX with half and $DAG with other half. Allocate fifty per cent (50%) of the fees to purchase $LTX tokens and fifty per cent (50%) to purchase $DAG tokens. Both assets will be purchase using Time-Weighted Average Price (TWAP) model. Then distribute both asset types, with 20% of each allocated to the treasury and 80% to $veLTX holders.
- Buy only $DAG. Use the fees to purchase $DAG tokens. Buy $DAG using a Time-Weighted Average Price (TWAP) model Distribute the purchased assets, with 20% allocated to the treasury and 80% to $veLTX holders.
- Hold $BTC. No purchases to be made, hold it all as a reserve. 100% of the fees go to treasury.
Off-Chain Vote
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- Author
0xB184…140B
- IPFS#bafkreif
- Voting Systemsingle-choice
- Start DateOct 18, 2024
- End DateOct 25, 2024
- Total Votes Cast17.66M veLTX
- Total Voters127
Timeline
- Oct 12, 2024Proposal created
- Oct 18, 2024Proposal vote started
- Oct 25, 2024Proposal vote ended
- Oct 25, 2024Proposal updated