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0XD-P01: disable all non ecosystem token farms after snapshot, open an 0XD single staking pool and reduce emissions

Voting ended about 4 years agoSucceeded

This first proposal aims to adjust our farm offering by removing non ecosystem farms and cut emission by 53.33%

Rational : At launch, we allocated most of 0XD emissions to non ecosystem tokens as our main objective was to attract as much TVL as possible in a short amount of time. Now that the snapshot has been taken, keeping non ecosystem farms is unproductive as it redirects most of the 0XD emitted toward mercenary capital.

The proposed changes aim to reallocate more emissions toward OXD-USDC, an OXD single staking pool and ecosystem tokens. Emissions would be reduced from 1000 0XD/sec to 466.7/sec.

New weights would be redistributed as follows:

New Farm OXD per sec (old) OXD per sec (new) % Change
OXD-USDC 301.87 301.87 0%
wFTM 100.62 0 - 100%
ETH 100.62 0 - 100%
BTC 100.62 0 - 100%
USDC 100.62 0 - 100%
DAI 90.56 0 - 100%
MIM 100.62 0 - 100%
xBOO 49.30 49.30 0%
xSCREAM 12.67 12.67 0%
LQDR 10.84 10.84 0%
xTAROT 4.62 4.62 0%
xCREDIT 3.82 3.82 0%
TOMB 20.16 20.16 0%
fBEETS 3.01 3.01 0%
OXD 0 60.37 N/A

For : Yes, implement the changes Against : No

Off-Chain Vote

Yes, do it !
20.79M 97.5%
No
536.87K 2.5%
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Timeline

Jan 23, 2022Proposal created
Jan 23, 2022Proposal vote started
Jan 24, 2022Proposal vote ended
Oct 26, 2023Proposal updated