Governance and Treasury staking rewards distribution
Lattice Gateway’s Proposal Committee reaches new milestone
The Lattice Gateway Proposal Committee has successfully completed the comprehensive evaluation of 11 Lattice Improvement Proposals (LIPs). These proposals focused on enhancing benefits for $veLTX holders, the Lattice Gateway platform, and strengthening the overall functionality and future security of the Lattice Gateway DAO. The evaluations, conducted in accordance with the methodology outlined in LIP #7, involved a meticulous process to assess the impact of each proposal on the DAO, the creativity and effort of the authors, and the integration of community feedback to achieve optimal outcomes.
The Proposal Committee has met consistently on a weekly basis, diligently working to reinforce the governance structure of Lattice Gateway. The primary goal is to enhance Lattice’s position within both the Constellation ecosystem and the broader crypto market, ensuring sustained growth in value and amplifying the benefits available to Lattice DAO participants.
In recognition of their contributions, 4 eligible authors and 10 out of the 11 evaluated proposals will be rewarded on October 16th, 2024. A total of 28,500 $LTX will be distributed, with individual awards ranging from 500 to 4,000 $LTX per author, as set forth in LIP #7. The Proposal Committee extends its gratitude to these authors for their efforts and looks forward to their continued contributions. The evaluation reports of the Proposal Committee can be consulted here.
Additionally, the Proposal Committee itself will receive 25,000 $LTX in recognition of the significant work invested in the proposal evaluations and the establishment of a solid framework for future assessments, as per LIP #8. The Lattice Gateway community is encouraged to engage with the Committee and participate in ongoing initiatives aimed at strengthening the DAO for the benefit of all stakeholders.
As activity within Lattice Gateway continues to grow and the crypto market enters a bullish phase, the Proposal Committee remains committed to working alongside the community to drive innovation and take Lattice to the next level.
The first treasury staking rewards are distributed!
Our first three nodes generated a total of 57,360.47 $DAG between August and September. After deducting the VPS costs, 46,791.17 $DAG remain for the further distribution.
From above generated rewards 11,229.88 $DAG will be distributed to veLTX holders and 26,203.05 $DAG will be transferred to the Lattice Gateway Treasury.
Additional details about VPS costs, node operator reimbursement, generated rewards and more can be found in the following Google sheet: Here
Join the Lattice Gateway Telegram for further information and discussion.
