First Lattice Governance Proposals Passed for Treasury Fund and Soft Node Rewards Fee
The first two Lattice governance proposals have passed with successful voting on the Lattice voting platform.
Proposal 1: Establishment of the Lattice Treasury Fund
With a vote of 87.45% in favor, a 5% fee will be implemented on all Lattice platform rewards and airdrops to veLTX token holders going forward to establish a Lattice treasury fund.
Read more about the treasury proposal here
This fund will be used to grow the Lattice ecosystem for such things as project grants, bounties, marketing, special events, product development and even investment opportunities.
View the voting snapshot for this proposal here
Proposal 2: Establishment of a 5% fee on all Soft Node Staking Rewards
With a vote of 99.37% in favor, a 5% fee will be implemented on the soft node staking program currently running on the Lattice platform. This fee will be distributed to all veLTX token holders and may be claimed as an airdrop through the Lattice node management platform.
Read more about the soft node proposal here
Rewards will accrue starting in December and will be “claimable” once the necessary Lattice interface updates are completed by mid January 2023.
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