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ONUS Voting: Enable Auto-Renew for ONUS Shares

With the goal of increasing and selecting investors who have a long-term commitment to ONUS, and, at the same time, reducing the pressure to sell ONUS to the market due to the v3.1 mechanism allowing users to withdraw ONUS at any time, the ONUS team proposed to add Auto-Renew mechanism to all vONUS pools on ONUS Shares.

Proposal

ONUS proposes to add an Auto-Renew mechanism to vONUS pools. With this mechanism, the amount of ONUS Coin you deposit into the pools will automatically renew to the next pool cycle immediately after the end of the old pool period (similar to Farming Pool Auto-Renew).

  • For 30/90/180-day pools: The automatic renewal period is expected in 7 days. Specifically, after a cycle ends, the system will automatically renew for a new cycle. If there is a need to withdraw ONUS, users can withdraw within the first 7 days of the new cycle. After 7 days, if users want to withdraw, they need to wait until the end of the cycle.
  • For 365/730/1460-day pools: The automatic renewal period is expected in 14 days. Specifically, after a cycle ends, the system will automatically renew for a new cycle. If there is a need to withdraw ONUS, users can withdraw within the first 14 days of the new cycle. After 14 days, if users want to withdraw, they need to wait until the end of the cycle.

If passed Voting, the new proposal is expected to be applied after the first 7 days from the next governance cycle (cycle 15).

Voting details

Voting program will be implemented, allowing ONUS Shares members to use their voting rights to comment on these proposals.

Participate in voting Agree/Disagree to deploy new upgrade:

  • If the Agree rate is greater than 50%, the proposal is approved. 
  • If the Agree rate is less than 50%, the proposal is rejected. 

Details:

  • Voting Time: From 09:00 AM on September 22, 2023 to 09:00 AM on September 23, 2023 (UTC).
  • Vote at: “Voting” section in the ONUS Shares feature.
  • Conditions: You must be a member of ONUS Shares to follow and participate in the voting process. Voting Power is calculated according to your vONUS points.