In response to feedback from the community, ONUS is proposing updates to ONUS Shares to make it more accessible for users. The proposed updates include:
- Adjusting ONUS Shares point values:
ONUS proposes to change the vONUS reward ratio when users deposit ONUS into pools, which would increase the benefits for shorter-term pools. The new point values would be as follows:
- 30-day Pool: Deposit 1000 ONUS, receive 500 vONUS.
- 90-day Pool: Deposit 1000 ONUS, receive 800 vONUS.
- 180-day Pool: Deposit 1000 ONUS, receive 900 vONUS.
- 365-day Pool: Deposit 1000 ONUS, receive 1,000 vONUS.
- 730-day Pool: Deposit 1000 ONUS, receive 1,200 vONUS.
- 1460-day Pool: Deposit 1000 ONUS, receive 1,400 vONUS.
- Reducing early withdrawal fee from 30% to 20%
The new early withdrawal fee will be calculated as follows:
- Early withdrawal fee = 20% * (remaining time / total pool time) * number of ONUS withdrawn
A voting program will be launched to allow ONUS Shares members to use their governance rights to contribute their opinions on these proposals.
- If the approval rate is greater than 50%, the proposal will be approved. The team will deploy the updates, expected to take effect from cycle 18.
- If the approval rate is less than 50%, the proposal will be rejected. ONUS Shares will maintain the mechanism as in previous cycles.
Voting Details
- Time: From 05:00 on December 8, 2023, to 05:00 on December 9, 2023 (UTC)
- Location: Voting section in the ONUS Shares feature
- Participation conditions: You must be a member of ONUS Shares to participate in the voting process. Voting power is calculated based on your vONUS points.
