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Voltage FinanceVoltage Financeby0xB23ceB7a11a5aFf5F721B36759c7eB4A270cDDa60xB23c…DDa6

VIP-1: Proposal to implement Volt staking model

Voting ended almost 4 years agoSucceeded

In order to have a safe governance model, as well as a healthier token status, the implementation of a single-asset staking pool of the hub’s native token, Volt, is a must-have. The platform charges a 0.30% fee for swaps made on our protocol, and that fee is being distributed to liquidity providers. We propose implementing a staking model for the Volt token, with a receipt token that will be used to participate in governance (xVolt) (further explained here: https://docs.voltage.finance/governance). In order to incentivize the community to stake their Volt tokens, as well as to participate in governance, we propose the following model: Of the 0.30% swap fees Voltage is charging, distribute the fees in the following order; 0.25% to liquidity providers, and 0.05% to Volt stakers. The fees accrued for stakers will be used to perform buybacks of the Volt token, which then will be distributed to stakers, equal to their share of the staking pool.

Off-Chain Vote

For
23.82M 96.6%
Against
0 0%
Abstain
840.84K 3.4%
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Timeline

Mar 10, 2022Proposal created
Mar 10, 2022Proposal vote started
Mar 11, 2022Proposal vote ended
Oct 26, 2023Proposal updated