[LIP #4] Rewards Proposal for Lattice Governance Participation
The Lattice community has put a proposal up for vote around rewarding $veLTX token holders for actively participating in governance.
An engaged community is paramount to growing and strengthening the Lattice DAO. This proposal [LIP#4] introduces a governance participation reward mechanism to compensate the community for its engagement and to provide an additional incentive for voting on Lattice proposals.
Vote Escrow Reward Pool
The proposal introduces a rewards mechanism to be paid in $LTX tokens annually and quarterly from the Lattice Vote Escrow Rewards Pool, which contains 24 million $LTX tokens, with a maximum of 9 million to be distributed over a 9-year period to $veLTX holders who actively participate in governance.
Please see our discussion thread with full details on the annual and quarterly reward options and reward calculation examples.
Voting Process
veLTX holders can vote to accept or reject this proposal through the Lattice governance platform.
The vote begins Saturday, February 18, 2023, at 10:00 a.m. PT and will remain open for seven (7) days, closing on Saturday, February 25, 2023 at 10am PT. A quorum of 33% of all veLTX tokens is required for a valid vote with a simple majority to pass.
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