The Voting Result of DIP42

Dear users,

Hello! DIP42 has ended, and the voting result is now announced as follows:

Proposal content:

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:

*Token release:

• 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)

*Protocol revenue:

• 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.

*Node income:

• 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!

Voting result:

• 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.

Defibox community:
International Community：https://t.me/Defibox
Chinese Community：https://t.me/DefiboxCN

Thank you for your support and attention to Defibox!
Defibox Project Executive Team
February 21, 2022