Lattice Gatewayby
0xB184…140B
[LIP #6] Distribution schedule for Exolix fees
The Lattice Gateway team announced the Exolix swap fees as a new source for veLTX holders in May 2023. ( https://latticeexchange.medium.com/may-update-for-veltx-holders-7e04c839e1be ) All Exolix swap fees will be used to buy LTX which will then be distributed to veLTX holders. Until LTX becomes a L0 token we will need to have the Ethereum network fees in mind and therefore this proposal suggests to accumulate the LTX for a certain duration to decrease the overall claiming fees.
The idea of the proposal is to accumulate the bought LTX over a certain duration to decrease the respective claiming fees for all veLTX holders and thus increase the overall received rewards. Lattice Gateway can also add the accumulated LTX to existing reward distribution schedules of LTX rewards (e.g. the quarterly or yearly voting rewards) to reduce the fees even more.
There will be three different choices for the voting which will take 7 days.
- Distribution every 3 months
- Distribution every 6 months
- Distribution every 12 months
Off-Chain Vote
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- Author
0xB184…140B
- IPFS#bafkreie
- Voting Systemsingle-choice
- Start DateJul 07, 2023
- End DateJul 14, 2023
- Total Votes Cast15.62M veLTX
- Total Voters207
Timeline
- Jul 03, 2023Proposal created
- Jul 07, 2023Proposal vote started
- Jul 14, 2023Proposal vote ended
- Oct 26, 2023Proposal updated