Pool reallocation: Reduce the LINK-VIPER pool allocation from 5% to 2%

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The LINK-VIPER pool has retained a 5% allocation for 2.5 months so far and we feel there’s a need to free up some allocation percentages for new pools.

The 3% allocation will be used to incentivize new pools. The 3% allocation will be temporarily reallocated to ONE-xVIPER until new pools have been launched.

YES - lower the allocation: the allocation for LINK-VIPER will be reduced from 5% to 2%.

NO - keep the allocation: the LINK-VIPER pool will keep its 5% allocation.

For more information about our governance system, please visit Governance - VenomDAO

For this proposal to get accepted it has to:

  • Reach >55% approval
  • Reach >=10,000,000 of eligible ViperVotes voting to establish the quorum.

The ViperVote voting power snapshot will happen roughly 15 minutes before voting starts.

Voting starts 9PM UTC, June 30th and ends 9PM UTC, July 2nd.