The Voting Result of DIP44

Dear users,

Hello! DIP44 has ended, and the voting result is now announced as follows:

Proposal content:

Regarding the collection of loan fees, the proposed proposals are as follows:

0.02% of each borrow amount is charged as handling fee for the protocol income, and no handling fee is charged for the deposit, withdrawal and repayment operations.

Interpretation: The current lending protocol revenue is the interest from users when they repay the loan. From the data, most users have a long borrow cycle, and the lending protocol revenue is very small for a long time, which is not good for the long-term development. Based on this, each transaction is charged 0.02% from borrow amount and it will bring more stable income for the lending protocol while it has little impact on the lending scale. It helps a sustainable development of lending and other major protocols.

We hope that every user who holds BOX tokens 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): 40.85%;
• The received votes of Option A (Agree) accounted for  96.65% of the total votes of the proposal;

The DIP44 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_official
Chinese Community：https://t.me/DefiboxCN

Thank you for your support and attention to Defibox!
Defibox Project Executive Team
May 22, 2022