Governance Update #6

Snapshot voting is live for AIP-51!

AIP-51 Staking Pools Emissions Allocation Adjustment

Status: AIP-51 is up for a snapshot vote in two parts, AIP-51a and AIP-51b, until June 19, 2022 at 19:00 UTC

A recent reduction by 50% in Tokemak’s reward allocations, with respect to tAsset holders, prompted AIP-51 to be discussed in the community. This proposal continues the protocol’s efforts to scale down unproductive emissions by reducing the gALCX and tALCX staking pool emissions (at-scale with the Olympus PRO reductions of AIP-49) and doubling the amount of ALCX staked in the Tokemak ALCX reactor. The hope is this will improve the utility of ALCX emissions. A modification to the voting options was recently made and there is now an additional outcome that ends the tALCX pool, instead of reducing both gALCX and tALCX pools; the original AIP options can be seen here. Be sure to check out both versions of the proposal (and snapshot votes!) for a complete breakdown of the options and impacts.

Since the last update…

AIP-50 was voted on here and was approved, greenlighting the core team to initiate an 8-week Warden Quest with ALCX from the protocol’s treasury. The quest began on June 1st; the team will evaluate the quest to determine if Warden offers a viable at-scale alternative to vlCVX bribes.