Greetings from the ELYSIA team. The third proposal has been uploaded to the ELYIP bulletin board of the ELYFI forum.
12 Apr 2022, 10:44
Greetings from the ELYSIA team!
The third proposal has been uploaded to the ELYIP bulletin board of the ELYFI forum.
This is a proposal to change the detailed distribution plan of ELFI tokens.
The main content of the proposal is to propose the following token distribution plan because the existing ELFI token distribution method is inefficient in terms of sustainability, price support, and governance participation rate.
1. Deposit Distribution Plan Change
- The quantity of ELFI distribution on deposit decreases by 4.7% every 4 weeks after the first 24 weeks
2. ELFI Staking Reward Token Change
- ELFI staking reward token change from DAI and BUSD to ELFI token, and purchases and distributes ELFI tokens in the market as much as the dollar value -> Boost the price of ELFI
3. LP Staking Distribution Plan Change
- Existing DAI and ETH among LP staking reward tokens change to ELFI token, and purchases and distributes ELFI tokens in the market as much as the dollar value -> Boost the price of ELFI
- The quantity of ELFI distribution on LP staking (Yield Farming) decreases by 4.7% every 4 weeks after the first 4 weeks
4. Governance Activity Compensation Payment
- Distribution of ELFI tokens to governance participants
- The quantity of ELFI distribution on participation in governance decreases by 4.7% every 4 weeks after the first 4 weeks
Voting on the above proposal is currently underway.
Please check the link below for details of the proposal.
We look forward to your participation.
thank you.