BBS DAO GOVERNANCE PROPOSAL OUTCOME 100%YES 0% NO. SEE VOTE BELOW!

Jun 20, 2022 11:08 PM

Version 3.3.5 - Reporting Page & Second DAO Proposal (COPIED FROM METABBS)

BBS DAO Governance Proposal

Recently a new governance proposal was submitted to the BBS DAO.

This proposal aims to deposit $30,000 worth of BBS tokens into Bancor's External Impermanent Loss contract, which provides protection for liquidity providers from impermanent loss.

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Anyone with staked tokens can vote on this proposal. Snapshot uses a gasless voting system, and will only ask for a signature if voting. Each BBS token staked gives 100 shares at 1x boost and voting power increases with staked boost.

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HERE IS A SNAP SHOT OF ALL VOTERS FOR THE BBS GOVERNANCE PROPOSAL AND OUTCOME!

0x14A2...Aa44 Back

External Coverage of ILP on Bancor

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BBSby0x86a9...Fb16CoreShareShow more

We are seeking approval for depositing $30,000 worth of tokens into Bancor’s External Impermanent Loss Protection contract, as stated in the Bancor whitelist proposal. This will encourage investors who believe in our vision, but are afraid to suffer losses in case it succeeds. In addition, it will display our own trust in the project, and bring more attention to it.

In addition, we take this opportunity to report that in accordance with the last DAO decision, we have transferred a total of 3,201,000 tokens to the Ethereum ⇔ EOS bridge, and we hope to transfer twice that amount in the current quarter.

To vote on this proposal, you will need to stake BBS tokens and lock them in the BBS staking system for at least one additional quarter beyond the current one, with each extra quarter raising your voting power by 25%.

Votes6

0x8aeA...08EeYES16M Weight

0x71Cc...A172YES8.2M Weight

0xB034...0ACcYES3.2M Weight

0xd3Bd...3398YES3M Weight

0x3c49...286AYES2.7M Weight

0xdf8E...9289YES2.2M Weight

Information

Strategie(s)

IPFS#QmWtJnpVoting systemSingle choice votingStart dateJun 15, 2022, 6:55 AMEnd dateJun 18, 2022, 7:00 AMSnapshot14,967,113

Results

YES 36M Weight100% NO Weight0%

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THE PROPOSAL PASSED UNANIMOUSLY 100%YES!

I AM SURE MORE PEOPLE ARE STAKED AND SHOULD HAVE VOTED ON THIS PROPOSAL. 

I KNOW THE OWNERS AND MANAGEMENT VOTED AND THEY ARE LEADING US IN THE RIGHT DIRECTION TO BE SUCCESSFUL AND I AGREE WITH THE VOTE. YET, WE ALL NEED TO MAKE SURE WE ARE GETTING INVOLVED.

WE ALL NEED TO BE MORE ACTIVE WHEN PROPOSALS ARE SUBMITTED FOR VOTING! 

IF WE FAIL TO LEARN HOW NOW, WHAT WILL HAPPEN WHEN YOUR VOTE IS NEEDED! 

PLEASE VOTE IN THE FUTURE.

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DID YOU STAKE YOUR BBS TOKENS?

WERE YOU NOTIFIED ABOUT THE VOTE?

WHAT WAS YOUR REASON FOR NOT VOTING?

12
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