• © Goverland Inc. 2026
  • v1.0.5
  • Privacy Policy
  • Terms of Use
veDaoveDaoby0x2e6BFDa63b68333749CaF485be5bcBE127Fe14EA0x2e6B…14EA

Change veDao tokenomics post-Solidly snapshot

Voting ended about 4 years agoSucceeded

Community members have reasoned that veDao's TVL does not need to be maintained past the snapshot for the Solidly NFT. Following this logic introduces the opportunity to update our tokenomics, and better suit our vision to function as a long term player and helping hand in Fantom's DeFi space.

The lack of necessity for veDao's large TVL post-snapshot removes the need for pool one rewards, so those rewards can be halted once the Solidly snapshot has taken place. Pool two rewards are still desired to encourage liquidity on the WeVE/MIM Spiritswap pair—once Solidswap goes live and we have the NFT, however, these rewards are also not needed, as liquidity can be incentivized directly on Solidswap. As such, these rewards can be halted once that criteria has been fulfilled, and can continue to emit at their original rate until then.

To complement these changes and better facilitate partnerships and building within the Fantom ecosystem, veDao can also create a new pool post-snapshot solely for the ecosystem address, allowing it to earn rewards at a pool one rate until pool two closes. This address is controlled by the veDao community, and the DAO can manage its balance as it sees fit.

As a result of these changes, $WeVE allocation will not be as initially stated in the whitepaper: pool one will get less percentage of total supply, while pool two and ecosystem will get more. Team percentage is unaffected, and will be vested linearly for two years.

Should we halt pool one rewards post-snapshot, while maintaining rewards for pool two and a new ecosystem-only pool until Solidswap releases and we obtain the NFT?

Off-Chain Vote

Change the tokenomics as stated
18.8M 99.8%
Do not change the tokenomics
44.45K 0.2%
Download mobile app to vote

Timeline

Jan 21, 2022Proposal created
Jan 21, 2022Proposal vote started
Jan 22, 2022Proposal vote ended
Oct 26, 2023Proposal updated