Voting results in Epoch #20 on FlatQube DAO 🗳

Epoch 20 and voting on the distribution of awards between new farming pools for the next farming period (14 days), has ended on FlatQube DAO.

veQUBE voted in total: 137 589.

Distribution of votes between pools:

• QUBE/WEVER — 33.75%
• WBTC/BRIDGE — 24.57%
• WEVER/USDT — 10.03%
• WETH/WEVER — 7.57%
• WBTC/WEVER — 7.37%
• QUBE/BRIDGE — 4.89%
• WEVER/USDC — 3.63%
• WEVER/DAI — 3.63%
• WEVER/BRIDGE — 2.96%
• USDT/USDC — 1.54%

The total amount of the award distribution for the next Epoch will be 56 979 QUBE.

The award will be distributed among the pools, according to the percentage of votes received by the pool.

#flatqube #qube #dao #ever #vote #post

Voting results in Epoch #21 on FlatQube DAO 🗳

Epoch 21 and voting on the distribution of awards between new farming pools for the next farming period (14 days), has ended on FlatQube DAO.

veQUBE voted in total: 115 222.

Distribution of votes between pools:

⏺QUBE/WEVER — 35%
⏺WBTC/BRIDGE — 24%
⏺QUBE/BRIDGE — 9%
⏺WBTC/WEVER — 9%
⏺WETH/WEVER — 4%
⏺WEVER/USDT — 3%
⏺WEVER/USDC — 3%
⏺WEVER/BRIDGE — 2%
⏺WEVER/DAI — 2%
⏺USDT/USDC — 1%

The award will be distributed among the pools, according to the percentage of votes received by the pool.

#flatqube #qube #dao #ever #vote #post

All Everscale farming participants on FlatQube.io received 10% compensation for three days of downtime ⚡️

You can check your wallets. We thank the Broxus team for prompt problem solving!

#broxus #flatqube #farming

Vote on FlatQube DAO 🗳

The vote on the amount of rewards in the farming pools (Epoch 23) is now active on FlatQube DAO. The vote will last until September 3.

To participate in this epoch, you need veQUBE virtual tokens, which are issued in exchange for locked QUBE tokens. The maximum locking period is 4 years.

The veQUBE formula
veQUBE = QUBE * lock time / max lock time

Voting mechanics
All pools that get from 1–35% of the votes will get rewards. The rewards will be split up and distributed according to the percentage of votes a pool receives. All pools that receive less than 1% of the votes won’t get rewards and their votes will be allocated to other pools. For pools that receive more than 35%, once the voting period ends, the surplus will be to the treasury.

How to get veQUBE and vote
• Go to the Balance management tab
• Select the QUBE locking period: from 14 to 1460 days. The longer the locking period, the more veQUBE you get.
• Return to the DAO tab and vote for one or more farming pools. You can vote only once at one 14-day Epoch.

#flatqube #qube #dao #vote #post

Pool of unknown tokens has got 20% of votes on FlatQube ⚡️

According to the voting results in Epoch 23 for the farming yields distribution, a pair of new unknown tokens, GVMMNY/INDMNY, has gathered 20% of votes, only surpassed by the leader of the voting, the QUBE/WEVER pair.

FlatQube users are concerned that this "fool pool" will now receive a 12,849 QUBE reward (~$5,000) "for zero utility" and "at the expense of other participants". Users have already deciphered the possible token names as "Give me money" and "I need money".

The situation appears to be ambiguous. On one hand, the action of the pool creator can be seen as detrimental to the exchange and its users, but on the other hand, FlatQube is a DEX where the rules are the same for everyone. Imposing any restrictions on the pool now could tarnish the reputation of the DEX itself.

In community chats, among the reasons for the incident, the low voting activity is mentioned, as well as the imperfection of the yields distribution system, which is managed in a decentralized manner. Some holders ask to put the decision on yields distribution to the GVMMNY/INDMNY pool to the EVER DAO.

Stay tuned for more updates.

💬 Share your opinion in the comments below

#ever #qube #flatqube #vote #dao #farming #post

Broxus commented the GVMMNY/INDMNY pool case 👛

A representative of the Broxus team commented on the situation with the liquidity pool 🗣

"The pool became a candidate and participated in the voting, and then received a farming reward in full compliance with all FlatQube rules (the required amount of QUBE was paid to enter the voting list, and the system automatically allowed the pool to participate in the voting, after which the pool received fair veQUBE). We will not exclude it from farming, especially manually".

"Conclusions will be drawn (and possibly changes will be made) within the next two weeks based on this situation — while the current epoch is ongoing".

The atmosphere in the chats remains tense.

Some users think that if the current structure of farming yield distribution doesn’t bring benefits to QUBE holders, it should be changed. On the other hand, users themselves decide whether to lock liquidity or not. As well as buying the token always means risks, which everyone takes on themselves.

As a protest message, user Tortuga proposed to vote for his new liquidity pool and promised to share some tokens.

We will continue to follow the situation.

#ever #qube #flatqube #farming #post

A strange candidate has appeared again on FlatQube DAO 🧐

Tomorrow (06.09.23), voting for the 24th epoch will begin at FlatQube DAO. The list of candidates once again includes an interesting pool — CSFT/FTSC. Perhaps the community decided to have some fun after the 23rd epoch, but we are already waiting to see how it turns out.

P.S. The pool has a note saying "The farming pool reward balance is too low. We don’t recommend investing in this pool now."

#farming #flatqube #dao #news #post

"Just DAO it" — an official reaction from Broxus 🐭

DAO means decentralized autonomous organization. It’s a place where user's vote determines farming rewards on the FlatQube DEX.

In the last Epoch, the GVMMNY/INDMNY pool appeared as a voting candidate and received part of the rewards but previously he:
⏺paid 1k QUBE for the pool listing
⏺locked 33k QUBE for 4 years in order to vote

So the pool creator didn't bypass the system, but simply seized the moment of the low activity in the DAO. What todo do: vote more actively for your favorite pools!

"We will upgrade the system, and later we’ll be announcing some improvements to the pool listing mechanism and proposals release" — pointed out the developer.

🔗 Read the original post by Broxus

#ever #broxus #farming #qube #flatqube #dao #post

Voting results in Epoch #24 on FlatQube DAO 🗳

Epoch 24 and voting on the distribution of awards between new farming pools for the next farming period (14 days), has ended on FlatQube DAO.

veQUBE voted in total: 161 136.

Distribution of votes between pools:

⏺GVMMNY/INDMNY — 25%
⏺CSFT/FTSC — 24.97%
⏺WBTC/WEVER — 8.81%
⏺WETH/WEVER — 6.66%
⏺WEVER/USDT — 6.47%
⏺WBTC/BRIDGE — 6.06%
⏺QUBE/WEVER — 5.33%
⏺USDT/USDC — 4.1%
⏺WEVER/USDC — 3.13%
⏺WEVER/DAI — 3.1%
⏺WEVER/BRIDGE — 2.62%
⏺PUMP/QUBE — 2.53%
⏺QUBE/BRIDGE — 1.16%

The award will be distributed among the pools, according to the percentage of votes received by the pool.

#flatqube #qube #dao #ever #vote #post