Proposal #58
Passed on 09 Dec 2023 with 94.3% of the votes for yes.
Yes
94.3%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
09 Dec 2023
94.27%
of votes cast
5.73%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
The Dexter contributors are proposing the decentralisation of Dexter through the use of XPRT governance. This aligns Dexter more closely with the Persistence Ecosystem, concurrently strengthening the power of XPRT governance.
Decentralising Dexter (XPRT for Dexter) involves three crucial proposals that necessitate approval from XPRT governance across two proposal cycles. The proposed actions are as follows:
This proposal marks the first step (1/3) in Cycle 1 of the XPRT for Dexter initiative.
This proposal aims at the migration of the multi-staking contract to version 3.0 (Code ID: 11) from the current mainnet version 1.0 (Code ID: 4)
This migration introduces the following changes and features:
Instant LP Unbonding: Enable support for Instant LP unbonding.This feature allows a Liquidity Provider (LP) to instantly unlock liquidity without waiting for the completion of the unbonding period. This enhancement provides LPs better control over their assets in volatile market conditions, with a nominal 5% fee for instant unbonding.
Moreover, if an LP has completed the standard unbonding process and is currently awaiting token unlock, they can opt to instantly unlock their tokens. The associated fee for this action will be gradually reduced on a linear scale, ranging from a maximum of 5% to a minimum of 3%, based on the remaining lock time.
Streamlined Proposal Flow: This release removes the proposal flow for creating new reward schedules. Currently, this functionality is only limited to the contract owner role, held by the Dexter team's multi-sig. However, with the advent of XPRT governance, it is proposed that the contract owner role gets changed to the Governance Admin contract. This adjustment will enable the creation of new reward schedules exclusively through XPRT Governance. The current proposal flow, now redundant, will be removed with this release.
Please note: The Dexter contracts are open source, and the source code for version 3.0 of the multi-staking contract can be found [Hidden link]
By voting YES, you approve of the migration of the multi-staking contract to version 3.0, supporting the initial step towards Dexter's decentralisation through XPRT governance.
By voting NO, you disapprove of the migration of the multi-staking contract to version 3.0, opposing the initial step towards Dexter's decentralisation through XPRT governance.
By voting ABSTAIN, you contribute to the quorum but formally decline to vote either for or against the proposal.
By voting NO WITH VETO, you consider this proposal spam, malicious, or harmful and want the depositors penalised by burning their deposit.