Defibox Foundation Launches DIP10, DIP11, and DIP12 Officially

Dear users,

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

DIP10:

• USN stable coin annualized rate adjustment, optional annualized rate: 12.0% (unchanged), 13.0%, 14.0% and 15.0%.
• Voting time: 19:00 (UTC) September 1, 2020 to 07:00 (UTC) September 2, 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 ≥ 28.00% 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.

Execution plan:

• If an option satisfies the execution conditions, which means that the voting is successful, the Defibox Foundation will adjust the USN stable coin annualized rate according to this option at 09:00 (UTC) on September 2, 2020.

DIP11:

• The release rules of USN generation mining are adjusted. The release is adjusted to 0.016 BOX per second from the original 0.032 BOX per second, and the release ends in about 5 years.
• Voting time: 19:00 (UTC) September 1, 2020 to 07:00 (UTC) September 2, 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.

Execution plan:

• If an option satisfies the execution conditions, which means that the vote is successful, the Defibox Foundation will adjust the USN generation mining release rules according to this option at 09:00 (UTC) on September 2, 2020.

DIP12:

• The market-making mining weight of Defibox Swap liquidity pool adjustment: EOS+USN liquidity pool market-making mining weight is adjusted to 2.0, USN+BOX liquidity pool market-making mining weight is adjusted to 1.5, USN+NDX liquidity pool market-making mining weight is adjusted to 1.5.
• Voting time: 19:00 (UTC) September 1, 2020 to 07:00 (UTC) September 2, 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.

Execution plan:

• If an option satisfies the execution conditions and the vote is successful, the Defibox Foundation will adjust the market-making weight of the Defibox Swap liquidity pool according to this option at 7:00(UTC) on September 2, 2020.

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.

Defibox community:
Overseas: https://t.me/Defibox 
Chinese:

Thank you for your support and attention to Defibox!
Defibox Foundation
September 1, 2020