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Lybra FinanceLybra Financeby0x2aD0707DdF9e91d28D48954e940ED094aB1c09f2lybradao.eth

Termination of Rebase Mechanism for V1 eUSD

Voting ended about 2 years agoSucceeded

This proposal addresses the current status and future trajectory of the Lybra V1 eUSD rebase mechanism, in light of the successful deployment and migration of Lybra V2. The core proposition is to cease the rebase function for Lybra V1 eUSD, subsequently setting its Annual Percentage Yield (APY) to 0% and discontinuing any further rewards or incentives.

Check Details Here: https://forum.lybra.finance/t/termination-of-rebase-mechanism-for-v1-eusd/88?u=lybralabs

Off-Chain Vote

Yes - Cease V1 eUSD Rebase
1.16M esLBR62.3%
No - Don't Cease V1 eUSD Rebase
702.17K esLBR37.7%
Quorum:186%
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Timeline

Dec 11, 2023Proposal created
Dec 11, 2023Proposal vote started
Dec 18, 2023Proposal vote ended
Dec 18, 2023Proposal updated