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The Approval Of DIP-0002: Proposal about New Depth DAO (HECO) Rewards Distribution Mechanism
Dear Depth Community,
Depth started a voting about whether to execute new Depth DAO(HECO) Rewards Distribution Mechanism at October 20, 2021 16:00 (UTC+8).
As the voting has finished at October 22, 2021 16:00 (UTC+8), the result is as following:
Agree the proposal: 438,653,887.60 xDEP (97.78%)
Reject the proposal: 9,956,880.30 xDEP (2.22%)
According to the voting rules, the option A:Yes, I agree the proposal of new Depth DAO mechanism has passed.
The core volunteers will execute the new Depth DAO mechanism soon, Depth DAO won't distribute HUSD rewards weekly as usual, and a pool for staking xDEP to earn DEP token will be introduced. A certain number of DEP tokens from liquidity mining part will be distributed to new DEP single token pool.
The xDEP staked for voting can only be manually withdrawn after the voting ends. Please follow the tutorial to withdraw your xDEP : https://docs.depth.ht/tutorial/dao/daostaking
Depth Core Volunteers
Oct 22,2021
Last modified 1mo ago
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