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

New proposal on EVER DAO 🗳

A proposal to allocate a 312,121,362 EVER (8,000,000 USDT) loan to EverX and DeFi Alliance. The teams plan to repay the loan by February 28, 2025.

EverX and DeFi Alliance state that this measure is necessary to maintain market stability and ensure financial sustainability.

🔗 The full proposal text

The vote will begin on September 11 at 12:54 (UTC).

#dao #vote #news #post

Vote has started on EVER DAO 🗳

We would like to remind you that there is currently a vote taking place on EVER DAO regarding a proposal to allocate a loan of 8,000,000 USDT to the DeFi Alliance team until February 28, 2025.

DeFi Alliance has stated that if the proposal is accepted, Everscale will continue supporting its core development and be able to deliver a higher quality product, as well as maintain established partnership relations. This will lay the foundation for future improvements within the network.

The vote will continue until September 14, 12:54 (UTC).

#dao #vote #news #post

The proposal to allocate a loan of 8 000 000 USDT to the DeFi Alliance team has been accepted 🗳

30 879 169 coins voted "for", while 100 282 voted "against". It can be said that the decision was almost unanimously made.

In the comments, voters wrote that they believe in the project and that the proposal will not change anything for the worse. However, there was another opinion: some users said that nothing has changed in the past year and a half, and that time and tokens have been wasted.

#ever #dao #vote #proposal #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

Vote on FlatQube DAO 🗳

The vote on the amount of rewards in the farming pools (Epoch 25) is now active on FlatQube DAO. The vote will last until October 1. By the way, there are no unexpected pools this time 😉

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

First proposal on FlatQube DAO ⚡️

As we reported earlier, the mechanism for adding pools to epochs has changed on FlatQube DAO. Now users can submit proposals related to epochs for voting.

Currently, there is a vote on FlatQube DAO for a proposal to increase the boost coefficient for locking veQUBE from 1.5 to 5. According to the proposal, these changes are necessary because there are liquidity providers in the network who have diversified their investments and do not need to vote for any of the pools. Therefore, such providers can constantly receive rewards without locking veQUBE.

This reward needs to be decreased until favorable market conditions are met.

Head to the proposal 🔗

#flatqube #dao #vote #news #post

To be or not to be? Rewards for new pools? 🕒

Voting is currently taking place on FlatQube DAO for proposals regarding the listing of GVMMNY/INDMNY and CSFT/FTSC pools in epochs.

At the moment, the votes are evenly distributed (56% for and 44% against), so every vote counts!

A "for" vote victory would mean the introduction of these pools as candidates for farming rewards in epochs. A "against" vote victory would exclude them completely from reward distribution.

Hurry up! There are less than 14 hours left until the voting ends. Your vote is your veQUBE, which you can obtain by locking QUBE.

🗳 Head to the DAO and vote

#ever #farming #vote #flatqube #dao #proposal #post

Voting Results for the Latest Proposals on FlatQube DAO 🗳

Recently, a series of voting took place on FlatQube DAO, and here are the outcomes:

• The proposal to increase the veQUBE lock boost coefficient from 1.5 to 5 was accepted
• The proposal to list the CSFT/FTSC pool in epochs was not accepted
• The proposal to list the GVMMNY/INDMNY pool in epochs was not accepted

How do you like the new voting mechanism on FlatQube DAO? Share your opinion in the comments 💬

#dao #vote #proposal #news #post