ve (3,3) Implementation Action Plan on Meter and Theta Network

As per the forum discussion initiated on September 2, 2022; below is the action plan proposed for the ve (3,3) deployment on Meter Network and Theta Network

Key Proposal:

1. Voltswap ve (3,3) deployment is limited to Meter Mainnet.

2. New ve (3,3) DEX deployment on Theta Network: Outstanding VOLT on DEX deployment on Theta can be exchanged with the new token (1 VOLT for 1.3x new DEX token)

Current Status:

Voltswap ve (3,3) is deployed on Meter Mainnet and will be ready with UI changes by September 14, 2022.

Action Plan:

1. Pause VOLT Incentive cycles on Meter Network and Theta Network on September 13, 2022.

2. Operationalize Voltswap ve (3,3) on Meter Mainnet by September 14, 2022 with a 3 day window to move liquidity and begin VOLT vesting on ve (3,3). The weekly liquidity incentives for the ve (3,3) deployment will tentatively begin on September 16, 2022. (Exact date and time will be communicated through Social Channels)

3. Maintain 10 day breather for VOLT incentives on Theta Network to ensure; a. Theta Community actively votes on the proposal b. Any users keen to stay invested in Voltswap move the liquidity to Meter Mainnet

4. At the end of 10 days (tentatively September 23, 2022), a. The final VOLT incentive cycle for Theta Network begins to enable ve (3,3) deployment on Theta b. Meter Passport to stop support for VOLT cross chain transfer between Meter and Theta Network

5. Deploy new ve (3,3) DEX on Theta Mainnet and exchange remaining VOLT on Theta with new DEX Token (1: 1.3). The Total Supply of new DEX Token will be 100 Million.