Pool reallocation: Archive 1DSLA-VIPER pool

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The 1DSLA-VIPER pool has been around for a while and was launched entirely without any involvement from DSLA. It was never heavily promoted from either project and it has kinda served its purpose.

The total TVL is just $74,000, and the pool allocation could be used for new pools.

Voting alternatives:

YES - archive the pool: pool will be archived. Existing stakers can withdraw but no new rewards will be allocated.

NO - keep the pool: pool will remain as it is.

We’ve just updated our governance section in our documentation: Governance - VenomDAO

It details the usage of our new ViperVote token and our rules for minimum votes and quorum requirements.

For a voting alternative to win the vote it has to:

Reach >55% approval
Reach >33% of eligible votes voting to establish the quorum.
For this specific vote:
The current supply of ViperVote is: 98,817,142 ViperVote
Required votes (>55%): 54,349,428 ViperVote
Required quorum (>33%): 32,609,657 ViperVote

Voting will start June 5th, ~10AM UTC and end on June 7th, ~10AM UTC. Voting snapshot of ViperVote balances will happen at block height 13915957 (roughly ~2 hours before voting starts).

1 Like

Yes