Hey Lattice Gateway community,
Two new proposals are up for voting! Below, you’ll find a summary of the latest Lattice Improvement Proposals (LIPs), links to the full proposals, and details for voting on Snapshot.
[LIP #6.1] 2024-Q3-A04 Distribution of Exolix Fees
This proposal builds on [LIP #6], which established the distribution schedule for Exolix fees. Now, [LIP #6.1] aims to address how funds raised through Exolix transactions are used to purchase and distribute assets. The primary focus is to ensure there’s enough liquidity of the assets being purchased while providing flexible options for the community.
Key Voting Options:
- Option 1: Buy only $LTX with Exolix fees and allocate 20% to the Lattice treasury, and 80% to veLTX holders using a Time-Weighted Average Price (TWAP) model.
- Option 2: Split Exolix fees between $LTX (50%) and $DAG (50%), distributing 20% to the treasury and 80% to veLTX holders using the TWAP model.
- Option 3: Buy only $DAG, with 20% going to the treasury and 80% to veLTX holders, also based on the TWAP model.
- Option 4: Hold all fees as $BTC in the treasury, allocating 100% to treasury reserves without purchasing assets.
This proposal ensures that Exolix fees currently held in the treasury and any future fees are managed effectively, promoting sustainable growth and flexibility for the Lattice Gateway platform.
Benefits of this Proposal:
• Flexible asset management strategies tailored to different market conditions.
• Strengthened treasury growth, contributing to long-term platform development.
• Rewards for veLTX holders, promoting increased governance participation and ecosystem stability.
• Liquidity management to minimize market disruption while acquiring assets.
Read the full proposal here: https://commonwealth.im/lattice-gateway/discussion/24843-lip-61-2024q3a04-distribution-of-exolix-fees
Voting: Opens Friday, October 18, 2024, at 17:00 UTC and closes Friday, October 25, 2024, at 17:00 UTC.
[LIP #17] 2024-Q3-A03 Lattice Gateway Bounty Program
This proposal introduces a Crypto Bounty Program to drive community engagement, enhance platform security, and boost the adoption of Lattice Gateway. The program is set to launch after the DEX airdrop is completed, offering rewards to community members for contributing to platform improvements.
Core Objectives:
• Enhance Platform Security: Encourage the identification and reporting of security vulnerabilities, with rewards based on the severity of discovered issues.
• Promote Community Engagement: Incentivize community participation through development, marketing, and awareness bounties.
• Boost Adoption: Reward community efforts that drive the growth and visibility of Lattice Gateway and $LTX.
Main Categories:
• Security Bounties: Rewards based on the severity of vulnerabilities found, ranging from 500 $LTX for low-risk issues to up to 25,000 $LTX for critical vulnerabilities.
• Development Bounties: For tasks that enhance the platform’s features, with rewards ranging from 500 $LTX to 15,000 $LTX depending on complexity.
• Marketing and Awareness Bounties: Incentives for content creators and marketers who help promote Lattice Gateway, with rewards based on impact and reach.
This proposal leverages community talents to help secure and grow the platform while rewarding contributors generously.
Read the full proposal here: https://commonwealth.im/lattice-gateway/discussion/22956-lip-17-2024q3a03-lattice-gateway-bounty-program
Voting: Opens Friday, October 18, 2024, at 17:00 UTC and closes Friday, October 25, 2024, at 17:00 UTC.
Get Involved and Shape the Future of Lattice Gateway!
Your vote is essential in determining the direction of the Lattice Gateway platform. Take the time to review these proposals and make your voice heard!
