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[dNDX Parameters] Early Withdrawal Fee Parameters

Voting ended almost 5 years agoSucceeded

Per discussion from this thread: https://forum.indexed.finance/t/create-dndx-a-dividends-token-for-indexed-fee-revenue/610

This vote is to establish the baseline withdrawal fee parameters imposed upon staked NDX if staking positions are prematurely closed.

NOTE: this value is used in combination with a fixed minimum early withdrawal fee and the maximum bonus multiplier to establish a maximum withdrawal fee imposed were you to exit your stake immediately after you entered it.

For example: an early withdrawal fee of 20% in conjunction with a 10% minimum and a 2.5x maximum bonus multiplier would lead to a maximum withdrawal fee of 10% + 20% + (20% * 2.5) = 80%, scaling down linearly to 10% over time.

The options are:

  1. Min: 10%, Max Modifier: 20%
  2. Min: 10%, Max Modifier: 30%
  3. Reject above options

If any of the [dNDX Parameters] votes are won by 'Reject above options', deployment of the dNDX functionality will be paused and a new forum thread opened to discuss alternative options.

Off-Chain Vote

Min: 10%, Max Modifier: 20%
130.43K 53.3%
Min: 10%, Max Modifier 30%
114.3K 46.7%
Reject above options
0 0%
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Timeline

Apr 29, 2021Proposal created
Apr 29, 2021Proposal vote started
May 02, 2021Proposal vote ended
Oct 26, 2023Proposal updated