Nucleon DAO Votes to Realign LP Rewards
Nucleon is pleased to announce the reweighting of LP token rewards per the results of voting proposal #6. To recap the proposal, the voters were asked to decide what should be done with LP token rewards. The proposal had 6 options to select from. The voters chose to remove the existing NUT/CFX LP Pool on Nucleon from receiving NUT rewards, and add NUT/CFXs and NUT/USDT to receive NUT rewards with ~54.5% of the vote.
Users can view the new LP pools here.⤵
https://www.nucleon.space/#/data/pools
What’s Proposal #6?
Nucleon has grown immensely over the past year. To support that growth. Some members of the DAO thought it would be best to create liquidity pools for new tokens or stablecoins. The question was which ones, and if CFX LP pools should continue to be rewarded. The DAO decided to leave the public some options.
These options were:
1. Remove the existing NUT/CFX and NUT/xCFX LP Pools on Nucleon from receiving NUT rewards and add NUT/CFXs and NUT/USDT pools to receive NUT rewards.
2. Remove the existing NUT/CFX LP Pool on Nucleon from receiving NUT rewards, and add NUT/CFXs and NUT/USDT to receive NUT rewards.
3. Do not remove any existing LPs, and add NUT/CFXs and NUT/USDT to receive NUT rewards.
4. Do not remove any existing LPs, and add NUT/USDT to receive NUT rewards.
5. Do not remove any existing LPs, and add NUT/CFXs to receive NUT rewards.
6. Keep the status quo unchanged.
New LP Pool Weighting
The Nucleon team was hard at work immediately following the vote to reweigh the new LP rewards amongst the tokens. xCFX/CFX will continue to have the highest weighting while the rest of the tokens will have an equal weighting between them. The reward distribution will be as follows:
· xCFX/CFX = 33%
· NUT/CFXs = 22%
· NUT/USDT = 22%
· NUT/xCFX = 22%
The new token pools are available now. Go get your rewards!
About Nucleon
Nucleon is a liquid staking solution for Conflux PoS backed by industry-leading staking providers. Nucleon lets users stake their CFX without locking assets or maintaining infrastructure.
Our goal is to solve the problems associated with Conflux PoS staking — illiquidity, immovability, and accessibility — making staked CFX liquid and allowing for participation with any amount of CFX to improve the security of the Conflux network.
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