Summary

REP-1 proposal was passed by the community, which is to implement xRULER. The proposal is to have RULER used for staking in the protocol to earn ongoing fees for holders.

The full passed proposal can be found here: https://snapshot.org/#/rulerprotocol.eth/proposal/QmUaqWPFeg1nL3XWEP4ViDAEXriyYvnDzNXfc3Rj9uLj4t

Proposed Revisions:

• [Updated] RULER tokens staked for xRULER will not have to be locked for any extent of time
• [Updated] 40 RULER tokens per day will be emitted to xRULER stakers.
• [Unchanged] RULER team members will not stake in this pool to keep the distribution of these rewards to the RULER token holder community
• [Unchanged] In the future we will vote on the percentage of accrued fees that go to xRULER and the percentage that goes to treasury

Vote Options:

• For: Proceed with the revisions
• Against: Proceed with the original REP-1