AIP-7: Conclusion of PVP-AMM Protocol Beta1.0 and Deployment Roadmap for Protocol 2.0

📌 The PVP-AMM Protocol Beta1.0 will officially conclude on September 3rd at 16:00 UTC. At that time, the following functionalities will be suspended:

• Opening and closing of perpetual contracts (including market and limit orders)
• Usage and claims of perpetual contract stop-loss insurance
• Operations related to increasing and decreasing margin for perpetual contracts
• VE Governance Pool launch will be postponed

📌 Unaffected functionalities:

• Staking and releasing $LION through Genesis NFTs will remain unaffected
• Ongoing VEST of $esLION and new VEST actions will not be affected
• Buying and selling of $LP will remain unaffected; staking and receiving rewards from $LP will continue, these rewards will come from ETH generated from $GLP income and will no longer include rewards from LionDEX's $LP and $esLION incentives; Genesis NFTs will still enhance yield rates
• All rewards generated from the LionDEXDazzlingSummer campaign will remain unaffected

📌 While the above changes are subject to final confirmation during the voting period, traders are still advised to close their perpetual contract positions before 16:00 UTC on September 3rd to prevent any uncontrollable losses.

📌 Regarding $LION Token:

• The Developer Fund originally held 20% of the total supply (200 million), of which 75% (150 million) will be transferred to and owned by the treasury
• Advisor fees originally held 5% of the total supply (50 million), which will be transferred to and owned by the treasury
• A portion reserved for rewards related to NFTs, VEST, and Staking will remain intact

📌 Developer Fund Address: https://arbiscan.io/address/0x8691d217449258be1974054d9e37db99a0675bdb

📌 Advisor Fees Address: https://arbiscan.io/address/0x69fba2a2e5e1de37f772ba733bb9a9817ce9efac

📌 Upon completion of the mentioned transfers, $LION will undergo a permanent burn of 500 million tokens (50% of the total supply) through the treasury. Following this, the total supply of $LION will be reduced to 500 million. The Developer Fund and Advisor Fees will collectively occupy 10% (50 million tokens). Further distribution methods will be determined in accordance with future governance plans.

📌 Voting rights during this 48-hour proposal period are based on circulating $LION, $esLION, & Genesis NFTs. $esLION in VEST and staked $LION & Genesis NFTs do not possess voting rights for this specific vote.