These initiatives can be voted on in the current Epoch which ends next Wednesday at 23:59:59 UTC. The initiatives will receive protocol incentives at the start of the following Epoch.
What initiatives can be voted on?
- Curve BOLD/USDC
- Curve BOLD/LUSD
- Defi Collective
Why were those initiatives chosen?
- Curve: Is optimized for stablecoin liquidity and enables V2 to incentivize pools in a trustless and automated manner.
- DeFi Collective: proposed an initiative and has a good track record of supporting LUSD liquidity.
How to vote?
After staking LQTY on one of the frontends, you will be able to distribute your votes. Read more here.
What is a suitable vote distribution?
While every voter is free to allocate his voting power however desired, a split which would suit the protocol well in the beginning is:
- Curve BOLD/USDC - 75% => Core mainnet liquidity for BOLD
- Curve BOLD/LUSD - 10% => Support LUSD to BOLD conversions
- Defi Collective - 15% => Expand BOLD to L2s
Once you have voted, your votes will count in all future epochs - you don’t need to vote every epoch. You only need to vote again if you want to adjust your voting weights, or if your LQTY stake changed (add/remove LQTY).
Voting Epochs & Periods
Voting operates in weekly epochs. Each epoch starts with the first Ethereum block after Thursday 00:00 UTC and ends with the last block on Wednesday 23:59:59 UTC.
- Voting Period: Thursday 00:00 UTC – Tuesday 23:59:59 UTC
- Downvote Period: Thursday 00:00 UTC – Wednesday 23:59:59 UTC
During the final 24 hours (Wednesday), voting is disabled. However, users can still remove votes or reallocate them to downvotes.
Are those initiatives hard-coded?
No. In any weekly epoch new initiatives can be registered.