Dear ApolloX users,
The proposal created on 4th November 2022 on Snapshot to adjust the trading rewards amount has passed with 9,354,113.77 voting power for Option 2: After adjustment, the Trading Fees Contribution reward pool will be 600,000 APX while Market Maker Trading Volume Contributions reward pool will be 140,000 APX. Here's how the proposal will be implemented:
- ApolloX will start to adjust the Trading Rewards amount from 15th November 2022 onwards
- The Trading Fees Contribution reward pool will be reduced to 600,000 APX while the Market Maker Trading Volume Contributions reward pool will be reduced to 140,000 APX
- The excess APX will be scheduled to be burned. ApolloX will announce the burn on official social media channels at a later date.
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-06】Adjustment of Trading Rewards Amount
- ApolloX DAO——Tutorial Guide
- [Lock & Get veNFT] Details
- [Governance] Details
Thank you for the support!
Risk Warning: Crypto futures trading carries a substantial risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of ApolloX.