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VaultCraftVaultCraftby0xA5aEf04E03789AD15405D153a82D0b128c36988b0xA5aE…988b

[VIP-37] oVCX Cool Down Period

Voting ended over 1 year agoSucceeded

This proposal outlines a strategy to implement a 1-week cool-down period for the oVCX discount program. The cool-down period will temporarily restrict users from exercising oVCX and immediately selling VCX tokens, with the goal of improving the efficiency of the buyback and burn mechanism. This change will be manually managed by the core team and remain in effect while VCX liquidity is limited to less than $2M in the Balancer Pool and until VCX is listed on a centralized exchange (CEX).

The cooldown period will be communicated once a month 1 week prior on Discord, Telegram, and on app.vaultcraft.io.

Off-Chain Vote

For
10.96M VCX100%
Against
0 VCX0%
Abstain
0 VCX0%
Quorum:1096%
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Discussion

VaultCraft[VIP-37] oVCX Cool Down Period

Timeline

Sep 19, 2024Proposal created
Sep 19, 2024Proposal vote started
Sep 22, 2024Proposal vote ended
Sep 22, 2024Proposal updated