Indexed

One of the remaining things for the DAO to determine prior to the release of the dNDX staking mechanism is the split between how much revenue is retained by the DAO treasury for future growth versus how much is sent to the dNDX rewards contract to be distributed to those that have staked NDX.

For example: 20/80 (20% for treasury, 80% for dNDX), 25/75, 30/70…

This vote serves to determine this ratio by way of quadratic voting.

If you wish to vote for - for example - a 20/80 split, cast 1 vote for the treasury and 4 for dNDX. Similarly, to vote for a 25/75 split, cast 1 and 3 votes respectively: whatever ratio produces the result you desire (the percentage split will be shown).

When the vote has concluded, the percentages of votes cast for each will be rounded and taken as the agreed revenue split.

This is a fairly big decision, as it directly impacts the potential ability of the DAO to develop itself further. Members are encouraged to bear this in mind when casting their votes.

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For details of the dNDX proposal, please refer to this thread: https://forum.indexed.finance/t/create-dndx-a-dividends-token-for-indexed-fee-revenue/610

To play with some figures to calculate projected APR values for dNDX based on parameters such as average monthly exit fees and Nirn performance fees, please make a copy of: https://docs.google.com/spreadsheets/d/1XqkY_IhmB02xZ3kAUu6bhcJXZH8NAOrQR2Iu4wTaeMc/edit?usp=sharing

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This vote will run for two weeks, and has no quorum.