Hello! DIP42 has ended, and the voting result is now announced as follows:
Based on the latest BOX tokenomics and protocol revenue model, combined with community opinions, DefiboxDAO officially launched the DIP42 proposal:
- 7.5% of the revenue of Defibox (EOS chain) (including but not limited to: token release, three major protocol revenue, node revenue, etc.) will be empowered to the BSS system to improve the overall revenue of the BSS system.
- Upgrade the BSS system and add the BSS reinvestment function;
- Adjust the three lock-up periods in the current BSS system to two, and cancel the 180-day lock-up period;
Regarding the adjustment of BSS revenue:
- The total number of BOX rewards per second in the regular deposit system = the total amount of Defibox released per second in the whole station * 7.5% (remaining unchanged)
- Add 7.5% of the protocol revenue value to empower the BSS, which will be used for purchasing BOX and redistributing to BSS. Among them, 5% comes from the revenue of automatic market making, and 2.5% comes from the basic maintenance and development expenditure of the team;
Note: If the proposal is passed, Defibox's protocol revenue distribution will be adjusted to:
45% is used for automatic market making of EOS+BOX, 27.5% is used as the income of the executive team, 10% is used for the risk reserves, 10% is for Newdex for their early funding and support, and 7.5% is used for the reward of BSS.
- Add 7.5% of the node income value to empower the BSS, which will be used for purchasing BOX and redistributing to BSS. 7.5% comes from the node income of the community part.
Lock-up period and lock-up reward weight:
Cancel the 180-day lock-up period, retain the 90-day lock-up period (1.0 reward weight) and 360-day lock-up period (4.0 reward weight)
Add BSS functions:
Add BSS reinvestment function to further increase earnings.
We hope that every BOX token holder can participate in the governance of the Defibox project and help the development of Defibox!
- The proportion of the total votes of the proposal to the total BOX staking amount (abbreviation: proposal participation): 24.03%;
- The received votes of Option A (Agree) accounted for 99.44% of the total votes of the proposal;
The DIP42 has met the execution conditions. Defibox will implement the proposal in accordance with Option A (Agree)). For the specific launch time and more information, please follow the official announcement.
Thank you for your support and attention to Defibox!
Defibox Project Executive Team
February 21, 2022