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Sonne FinanceSonne Financeby0x40Bd6e764DBc5C7268aaC775D8978881B16221F1AtakanY

Sonne Improvement Proposal -- 1 (Fixed Final Edit)

Voting ended over 3 years agoSucceeded
  • Snapshot is tricky, excuse us in our first governance vote, for the endless fixes

As you might know, Velodrome's Tour de OP has started. (https://twitter.com/velodromefi/status/1596832116821876736)

It's better for Sonne Finance in the long run to have locked VELO, in order to direct VELO emissions to SONNE/USDC pool for better liqudity.

Right now, the incentives are very good to pass on. For example, on 100k veVELO lock ($2190 with current price), SONNE will get $1000 more bribe match and $766 worth of OP.

Extra bribe is directly correlated with VELO emissions to SONNE/USDC pool, and make VELO rewards increased for both SONNE LPs on Velodrome Finance and stakers.

veVELO locking incentives (35%) will be distributed similarly as other tokens to stakers.

By voting "For", you are voting for this proposal to pass.

By voting "Against", you are voting for maintaining the status quo.

Off-Chain Vote

For
2.59M SONNE99.6%
Against
0 SONNE0%
Abstain
9.35K SONNE0.4%
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Timeline

Nov 30, 2022Proposal created
Nov 30, 2022Proposal vote started
Nov 30, 2022Proposal vote ended
Apr 14, 2025Proposal updated