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0xDAO0xDAOby0x5f66E1CBD3aB30CAbB43F6aC370e93FdF91ca28c0x5f66…a28c

OXD PO4: Set baseline 0xDAO voting mechanism allocations

Voting ended almost 4 years agoSucceeded

Proposed allocations:

  • 5% wFTM/OXD
  • 5% SOLID/oxSOLID
  • 90% decided by vlOXD votes

Abstract If adopted, this proposal will add a minimum vote weight that 0xDAO puts towards the SOLID/oxSOLID and wFTM/OXD pairs.

Motivation The motivation for this proposal is to continue to bootstrap 0xDAOs liquidity and TVL. Now that 0xDAO voting is entirely in the hands of vlOXD holders, and the protocol treasury currently has 0 vlOXD to vote for the aforementioned pairs, we believe it is important for protocol health to provide a baseline of votes to these pairs, while still giving the majority of votes to vlOXD holders.

The intended outcomes of the fee adjustment are as follows:

  • Ensure there is sufficient liquidity on the SOLID/oxSOLID pair to help oxSOLID keep its peg to SOLID.
  • Continue to bootstrap 0xDAO’s liquidity by providing additional incentives to the wFTM/OXD.

Off-Chain Vote

YES
9.96K 100%
NO
0 0%
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Timeline

Mar 15, 2022Proposal created
Mar 15, 2022Proposal vote started
Mar 16, 2022Proposal vote ended
Oct 26, 2023Proposal updated