ApolloX proposal to reduce the amount of APX rewards earned in APX-BUSD LP staking has passed

Dear ApolloX users,

The proposal created on 5th October 2022 on Snapshot to reduce the amount of APX rewards earned in APX-BUSD LP staking has passed with 6,621,172.51  voting power for ‘Reduce APX output to 1.5’. Here's how the proposal will be implemented:

• ApolloX will start to adjust the APX rewards from 11th October 2022 onward
• The extra reward tokens after the adjustment will not be added into the LP staking contract and will not circulate in the market, thus reducing APX circulating supply

Check out the following articles for more information on DAO:

• 【Proposal-05】Reduce the amount of APX rewards earned in APX-BUSD LP staking
• Proposal snapshot: 【Proposal-05】Reduce the amount of APX rewards earned in APX-BUSD LP staking
• ApolloX DAO——Tutorial Guide
• [Lock & Get veNFT] Details

• [Governance] Details

Thank you for the support!

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