Hello! DIP27 has ended, and the voting result is now announced as follows:
The current lending and mining incentive mechanism sets up incentive pools based on tokens. If the ratio of mining incentives on the deposit and borrow can be more flexible, then more effective incentives can be achieved for the lending market. Therefore, the ratio of mining incentives on the deposit and borrow can be more effective, the proposed proposal is as follows:
Cancel the fixed ratio restriction, and give the mining ratio of the deposit and borrow according to the actual situation of different lending market scales
Interpretation: The ratio for deposit side with 25% and borrow side with 75% is for encouraging borrow side. With a encouraged borrowing, the interest rate will increase and this attracts deposit and bring a rapid growth for lending market. However, according to our empirical study, we found 25% for deposit and 75% for borrow is not giving enough incentive for certain lending market, we need a more flexible mining ratio for lending.
At the moment, Defibox has started “multi-chain” strategy, with a more flexible mining ratio for lending, it will boost lending market for the long term development.
Mining ratio will have direct effect on lending market, Defibox Foundation hope every BOX token holder to participate Defibox governance, working together for a better product!
- The proportion of the total votes of the proposal to the total BOX staking amount (abbreviation: proposal participation): 26.50%;
- The received votes of Option A (Agree) accounted for 99.50% of the total votes of the proposal;
The DIP27 has been withdrawn because the participation rate of the DIP27 is less than 30% and the execution conditions are not met. The Defibox Foundation will consider adjusting the voting rules of BOX DAO based on the current actual situation, including but not limited to participating in lending to obtain voting rights, lowering the participation of proposals, etc., and will re-initiate related proposals in the future. For more information, please follow up the official announcement.
Thank you for your support and attention to Defibox!
August 16, 2021