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Opal DeFiOpal DeFiby0xAc2A9e91e63b0E58305d8f6e8d29EDe53F6d7Be80xAc2A…7Be8

OIP #5 : Opal Airdrop phase 1 closing

Voting ended over 1 year agoSucceeded

Tl:dr Close Airdrop phase 1 claim period, and define the use for non claimed tokens.

Context:

The Opal $GEM airdrop phase 1, initiated via OIP#4 with parameters:

  • 1month duration
  • 1,000,000 $GEM to be shared between:
  • Zealy quests participants
  • LBP investors

Is now closed as the claiming period is over. However, considering total 25% of the allocated token were claimed, letting untouched around 790,000 $GEM, the Opal team proposes the following options;

Rationale:

  • Burn remaining tokens: this option will reduce the $GEM circulating supply by 7%

  • Top up Airdrop Phase 2: this option will increase rewards for LPs and Governors of the protocol by 20%

  • Send to Treasury: This option will enable the treasury to take tokens out of circulation without the need to burn it, thus enabling to use it for future events.

Off-Chain Vote

Burn remaining
0 vlGEM0%
Top up phase 2
0 vlGEM0%
Return to Treasury
146.79K vlGEM100%
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Timeline

Dec 02, 2024Proposal created
Dec 02, 2024Proposal vote started
Dec 04, 2024Proposal vote ended
Dec 04, 2024Proposal updated