DAO Changelog
Vote End Date: Jan 09, 2023, 23:00:00
- 1.Migration to a new LVL farming contract for LEVEL liquidity providers
- 1.Introduction of a 10-day unstaking cool-down period
- 2.Automatic staking of LVL rewards in the LEVEL DAO staking contract
Vote End Date: Jan 16, 2023, 23:00:00
- 1.Reduction of Daily LVL Rewards for Liquidity Providers:Liquidity ProviderPrevious Emissions (LVL)New Emissions (LVL)Senior Tranche12,0006,000Mezzanine Tranche20,00010,000Junior Tranche16,0008,000LVL/BNB32,00010,000
- 2.Increase in Daily LVL Rewards for Trading:Trading ProgramPrevious Emissions (LVL)New Emissions (LVL)Loyalty20,00036,000
- 3.Introduction of LVL rewards to LEVEL DAO:
- 30,000 LVL per day to Treasury on a weekly basis (210,000 LVL)
- The LEVEL DAO can use the tokens for multiple purposes including protocol operations
- 4.All LVL rewards (except for LVL/BNB LPs) will be automatically staked in the LEVEL DAO staking contract
Vote End Date: Jan 25, 2023, 21:59:00
- 1.Introduction of a 2-day redemption window for LGO holders to redeem their LGO for 80% of the Liquid Treasury Assets (the other 20% is reserved for protocol development), every 2 weeks.
Vote End Date: Jan 23, 2023, 03:00:00
- 1.Reduction of Daily Loyalty Program emissions to 16,000 LVL
Vote End Date: Jan 26, 2023, 23:00:00
- 1.Bootstrapping LPs ceased to receive LVL rewards on January 27th at 00:00 UTC
- 2.Bootstrapping LPs could withdraw deposited assets starting from January 27th at 00:00 UTC
- 3.Transfer of 550,000 LVL (half of promised bootstrapping) to the Treasury, to be managed by the DAO
- 4.The remaining LVL would be claimable for the next 2 months on a pro-rata basis, starting from the 1st of February
Vote End Date: Jan 31, 2023, 00:59:24
- 1.Reduction of Daily LVL Rewards for Liquidity Providers:Liquidity ProviderPrevious Emissions (LVL)New Emissions (LVL)Senior Tranche6,0001,800Mezzanine Tranche10,0003,000Junior Tranche8,0002,200LVL/BNB10,0003,000
- 2.Reduction of Daily LVL Rewards for the DAO Treasury ReserveReservePrevious Emissions (LVL)New Emissions (LVL)DAO210,00070,000
Vote End Date: Feb 06, 2023, 04:29:55
- 1.Approved a General Security budget of 50,000 LVL and 50,000 BUSD for future audits