Defibox Foundation Launches DIP2 and DIP3 Officially – Defibox

Dear users,

Hello! In order to increase the circulation of USN stable coin and further promote the stability of USN price, the Defibox Foundation formally initiates USN stable coin related governance proposal and opens the voting. The specific information is as follows:

DIP2:

Content: USN+EOS liquidity pool and USN+USDT liquidity pool market-making mining weights are increased to 2.0;
Voting time: 19:00 (UTC) August 13, 2020 to 07:00 (UTC) August 14, 2020

Execution conditions:

The total votes of the proposal must account for ≥ 30% of the total BOX staking amount; (abbreviation: proposal participation)
The votes for an option must ≥ 55.00% of the total votes of the proposal;
The Foundation will start execution after the vote is successful;
Proposals that do not meet the execution conditions after the voting ends will be cancelled.

DIP3:

Content: USN stable coin annualized rate adjustment, optional annualized rate: 1.0% (unchanged), 1.5% and 2%; if the proposal is passed. In addition, the Defibox Foundation will launch a USN interest dividend proposal and open the voting soon.
Voting time: 07:00 (UTC) August 14, 2020 to 07:00 (UTC) August 16, 2020

Execution conditions:

The total votes of the proposal must account for ≥ 30% of the total BOX staking amount; (abbreviation: proposal participation)
The votes for an option must ≥ 35.00% of the total votes of the proposal;
The Foundation will start execution after the vote is successful;
Proposals that do not meet the execution conditions after the voting ends will be cancelled.

Voting time description:

After the governance proposal is officially announced, it is not allowed to vote during the publicity period;
Voting will be open after the publicity period ends. Please vote within the valid time.

Thank you for your support and attention to Defibox!
Defibox Foundation
August 13, 2020