Liquidity Parameters Discussion (Part 1) Signalling Vote: Question 1
Question 1: What amount of NXM/ETH should be able to be redeemed and exit in the short-term at a price close to book value (BV)?
One of the aims of the tokenomics revamp is to provide some level of exit liquidity at a price close to Book Value. This aim was set as a result of the current situation with the bonding curve, which prevents redemptions directly from the protocol while liquidity is less than the current MCR floor.
This non-binding Snapshot signalling vote is being held to gauge member sentiment on the amount of liquidity that should be provided to the RAMM in the short term after launch.
The results of this non-binding signalling vote will be used as key input for the specific parameter packages discussed in more detail during Part 2 of this discussion.
Voting options
The voting options shown below are based on members’ responses in the Part 1 liquidity parameter discussion.
- Option A: 15% | 1,014,000 NXM, 21,900 ETH
- Option B: 25% | 1,690,000 NXM, 36,450 ETH
- Option C: 30% | 2,028,000 NXM, 43,750 ETH
- Option D: 40% | 2,704,00 NXM, 58,300 ETH
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2578...fddE43 | 420,590 | Option C: 30% |
 0x1A8c...A34D17 | 272,177 | Option A: 15% |
 0xF1f7...F4ac78 | 164,159 | Option D: 40% |
 0x87B2...455d45 | 149,552 | Option B: 25% |
 0xfB4c...742669 | 111,574 | Option D: 40% |
VOTE POWER
Proposal Status
- Mon August 21 2023, 01:00 pmVoting Period Starts
- Sat August 26 2023, 01:00 pmEnd Voting Period
Current Results
1-Option C: 30%
627,031.192
2-Option D: 40%
297,937.541
3-Option A: 15%
272,287.422