ALEX Lab Foundation Governance Summary

(Vote with ALEX) Approve Launch of Bluewheel Mining on the ALEX Launchpad
Closed

This proposal is to approve the launch of Bluewheel Mining on the ALEX Decentralized Launchpad. => Background <= Bluewheel Mining (https://www.bluewheelmining.com/) builds BTC mining operations backed by cost-effective renewable energy. Bluewheel is raising to increase mining capacity through Ordinals NFTs which will be airdropped Bitcoin. Bluewheel Mining seeks to launch 200 Ordinal NFTs on ALEX at a price of $550 USD each. The Ordinals will be pre-minted through Gamma.io (http://www.gamma.io) by the Bluewheel Mining and sent to ALEX, who will issue “Ordinals Exchangeable”, backed 1:1 by each Ordinals (see “Launch Structure”). The backend contracts for distribution of BTC airdrops are written by Deep Lake Finance (https://deeplake.finance/). The ALEX Lab Foundation does NOT sponsor the projects approved for the ALEX Launchpad. Community members must do their own research on how to vote. The ALEX Lab Foundation may hold a Twitter Spaces AMA (https://twitter.com/i/spaces/1MYxNgoRqoLKw) to ask community questions. The Bluewheel Mining link tree is available at https://linktr.ee/bluewheelmining => Launch Structure <= https://cdn.alexlab.co/assets/Ordinals_Launchpad.png => Launch Details <= - 200 Bluewheel Ordinals on ALEX Launchpad priced at $550 each - Registration starts on Aug 2 14:00 UTC - Registration ends on Aug 5 14:00 UTC - Listing of Bluewheel Ordinals on Gamma expected on Aug 7 - Users register sUSDT toward a chance of winning an Ordinal Exchangeable (Ordinals held in Peg Vault contract). - Winners can burn the Ordinal Exchangeables to peg-out and receive the Bluewheel Ordinals to their BTC wallet. => Vote with ALEX and atALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and atALEX) with different weighting (because 1 atALEX ~= 1.013 ALEX) two ballots have been created. If you have both tokens, vote with both. The atALEX vote will be multiplied by its intrinsic value in ALEX at 1 atALEX = 1.013 ALEX. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and atALEX positions in providing protocol liquidity and reserves the right to vote.

Last Modified : Jul 28, 2023, 5:43 PM
(Vote with atALEX) Approve Launch of Bluewheel Mining on the ALEX Launchpad
Closed

This proposal is to approve the launch of Bluewheel Mining on the ALEX Decentralized Launchpad. => Background <= Bluewheel Mining (https://www.bluewheelmining.com/) builds BTC mining operations backed by cost-effective renewable energy. Bluewheel is raising to increase mining capacity through Ordinals NFTs which will be airdropped Bitcoin. Bluewheel Mining seeks to launch 200 Ordinal NFTs on ALEX at a price of $550 USD each. The Ordinals will be pre-minted through Gamma.io (http://www.gamma.io) by the Bluewheel Mining and sent to ALEX, who will issue “Ordinals Exchangeable”, backed 1:1 by each Ordinals (see “Launch Structure”). The backend contracts for distribution of BTC airdrops are written by Deep Lake Finance (https://deeplake.finance/). The ALEX Lab Foundation does NOT sponsor the projects approved for the ALEX Launchpad. Community members must do their own research on how to vote. The ALEX Lab Foundation may hold a Twitter Spaces AMA (https://twitter.com/i/spaces/1MYxNgoRqoLKw) to ask community questions. The Bluewheel Mining link tree is available at https://linktr.ee/bluewheelmining => Launch Structure <= https://cdn.alexlab.co/assets/Ordinals_Launchpad.png => Launch Details <= - 200 Bluewheel Ordinals on ALEX Launchpad priced at $550 each - Registration starts on Aug 2 14:00 UTC - Registration ends on Aug 5 14:00 UTC - Listing of Bluewheel Ordinals on Gamma expected on Aug 7 - Users register sUSDT toward a chance of winning an Ordinal Exchangeable (Ordinals held in Peg Vault contract). - Winners can burn the Ordinal Exchangeables to peg-out and receive the Bluewheel Ordinals to their BTC wallet. => Vote with ALEX and atALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and atALEX) with different weighting (because 1 atALEX ~= 1.013 ALEX) two ballots have been created. If you have both tokens, vote with both. The atALEX vote will be multiplied by its intrinsic value in ALEX at 1 atALEX = 1.013 ALEX. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and atALEX positions in providing protocol liquidity and reserves the right to vote.

Last Modified : Jul 28, 2023, 5:45 PM
(Vote with ALEX) Approve Launch of OrdzGames on the ALEX Launchpad
Closed

This proposal is to approve OrdzGames for the ALEX Decentralized Launchpad. Information on the project is available on the application form OrdzGames has submitted. OrdzGames Launchpad Application Form: https://docs.google.com/spreadsheets/d/1TowsBT4zvpXxbwZQPy5xJqKOxkj8P8dG9HtRCEN_SMw/edit?usp=sharing X/Twitter: https://twitter.com/OrdzGames Website: https://www.ordz.games/ Linktree: https://linktr.ee/ordz_games *Note that OrdzGames is changing their BRC20 token ticker from $OG$ to ORDG, the launch will distribute the new token ticker ORDG. For more information on the change: https://twitter.com/OrdzGames/status/1737110599950373218 An AMA with Ordz Games will be held on December 21, 13:00 UTC: https://twitter.com/i/spaces/1gqxvQPMndzJB Vote to either approve or disapprove the project to launch on ALEX. The ALEX Lab Foundation does NOT sponsor the projects approved for the ALEX Launchpad. Community members must do their own research on how to vote. The ALEX Lab Foundation will hold a subsequent X/Twitter Spaces to ask community questions of the project if selected. => Vote with ALEX and atALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and atALEX) with different weighting (because 1 atALEX ~= 1.046 ALEX) two ballots have been created. If you have both tokens, vote with both. The atALEX vote will be multiplied by its intrinsic value in ALEX at 1 atALEX = 1.046 ALEX. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and AutoALEX positions in providing protocol liquidity and reserves the right to vote.

Last Modified : Dec 20, 2023, 4:02 AM
(Vote with atALEX) Approve Launch of OrdzGames on the ALEX Launchpad
Closed

This proposal is to approve OrdzGames for the ALEX Decentralized Launchpad. Information on the project is available on the application form OrdzGames has submitted. OrdzGames Launchpad Application Form: https://docs.google.com/spreadsheets/d/1TowsBT4zvpXxbwZQPy5xJqKOxkj8P8dG9HtRCEN_SMw/edit?usp=sharing X/Twitter: https://twitter.com/OrdzGames Website: https://www.ordz.games/ Linktree: https://linktr.ee/ordz_games *Note that OrdzGames is changing their BRC20 token ticker from $OG$ to ORDG, the launch will distribute the new token ticker ORDG. For more information on the change: https://twitter.com/OrdzGames/status/1737110599950373218 An AMA with Ordz Games will be held on December 21, 13:00 UTC: https://twitter.com/i/spaces/1gqxvQPMndzJB Vote to either approve or disapprove the project to launch on ALEX. The ALEX Lab Foundation does NOT sponsor the projects approved for the ALEX Launchpad. Community members must do their own research on how to vote. The ALEX Lab Foundation will hold a subsequent X/Twitter Spaces to ask community questions of the project if selected. => Vote with ALEX and atALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and atALEX) with different weighting (because 1 atALEX ~= 1.046 ALEX) two ballots have been created. If you have both tokens, vote with both. The atALEX vote will be multiplied by its intrinsic value in ALEX at 1 atALEX = 1.046 ALEX. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and AutoALEX positions in providing protocol liquidity and reserves the right to vote.

Last Modified : Dec 20, 2023, 4:04 AM
(Vote with ALEX) Approve Launch of Orange on the ALEX Launchpad
Closed

This proposal is to approve Orange for the ALEX Decentralized Launchpad. Information on the project is available on the application form Orange has submitted. Orange Launchpad Application Form: https://docs.google.com/spreadsheets/d/1B4ZAhVh1KlLMNjvoH5X6S3XUzX46N1M3e4l1S7UHfjA/edit#gid=2091054548 X/Twitter: https://x.com/orangecryptoHQ Website: https://orangecrypto.com Telegram: https://t.me/orangecryptoHQ An AMA with Orange will be held on January 10, 15:30 UTC: https://twitter.com/i/spaces/1PlJQDqpeAWGE Vote to either approve or disapprove the project to launch on ALEX. The ALEX Lab Foundation does NOT sponsor the projects approved for the ALEX Launchpad. Community members must do their own research on how to vote. The ALEX Lab Foundation will hold a subsequent X/Twitter Spaces to ask community questions of the project if selected. => Vote with ALEX and atALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and atALEX) with different weighting (because 1 atALEX ~= 1.0499 ALEX) two ballots have been created. If you have both tokens, vote with both. The atALEX vote will be multiplied by its intrinsic value in ALEX at 1 atALEX = 1.0499 ALEX. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and AutoALEX positions in providing protocol liquidity and reserves the right to vote.

Last Modified : Jan 10, 2024, 12:31 AM
(Vote with atALEX) Approve Launch of Orange on the ALEX Launchpad
Closed

This proposal is to approve Orange for the ALEX Decentralized Launchpad. Information on the project is available on the application form Orange has submitted. Orange Launchpad Application Form: https://docs.google.com/spreadsheets/d/1B4ZAhVh1KlLMNjvoH5X6S3XUzX46N1M3e4l1S7UHfjA/edit#gid=2091054548 X/Twitter: https://x.com/orangecryptoHQ Website: https://orangecrypto.com Telegram: https://t.me/orangecryptoHQ An AMA with Orange will be held on January 10, 15:30 UTC: https://twitter.com/i/spaces/1PlJQDqpeAWGE Vote to either approve or disapprove the project to launch on ALEX. The ALEX Lab Foundation does NOT sponsor the projects approved for the ALEX Launchpad. Community members must do their own research on how to vote. The ALEX Lab Foundation will hold a subsequent X/Twitter Spaces to ask community questions of the project if selected. => Vote with ALEX and atALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and atALEX) with different weighting (because 1 atALEX ~= 1.0499 ALEX) two ballots have been created. If you have both tokens, vote with both. The atALEX vote will be multiplied by its intrinsic value in ALEX at 1 atALEX = 1.0499 ALEX. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and AutoALEX positions in providing protocol liquidity and reserves the right to vote.

Last Modified : Jan 10, 2024, 12:32 AM
(Vote with atALEX) Approve Launch of Sugar Kingdom Odyssey on the ALEX Launchpa
Closed

This proposal is to approve Sugar Kingdom Odyssey for the ALEX Decentralized Launchpad. Information on the project is available on the application form Sugar Kingdom Odyssey has submitted. Sugar Kingdom Odyssey Launchpad Application Form: https://docs.google.com/spreadsheets/d/1xjaliDQvwHxgRkps1IX7kPkkq1zBiTPVA0-eVwkw2Rs/edit#gid=2091054548 Project Page: https://app.alexlab.co/launchpad/Sugar X/Twitter: https://twitter.com/SugarKingdomNFT Website: https://sugarkingdom.io/ Discord: https://discord.gg/sugar-kingdom Vote to either approve or disapprove the project to launch on ALEX. The ALEX Lab Foundation does NOT sponsor the projects approved for the ALEX Launchpad. Community members must do their own research on how to vote. The ALEX Lab Foundation will hold a subsequent X/Twitter Spaces to ask community questions of the project if selected. => Vote with ALEX and atALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and atALEX) with different weighting (because 1 atALEX ~= 1.06 ALEX) two ballots have been created. If you have both tokens, vote with both. The atALEX vote will be multiplied by its intrinsic value in ALEX at 1 atALEX = 1.06ALEX. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and AutoALEX positions in providing protocol liquidity and reserves the right to vote.

Last Modified : Mar 25, 2024, 4:38 PM
(Vote with atALEX) Approve Launch of Trex20 on the ALEX Launchpad
Closed

This proposal is to approve Trex20 for the ALEX Decentralized Launchpad. Information on the project is available on the application form Trex20 has submitted. Trex20 Launchpad Application Form: https://docs.google.com/spreadsheets/d/1vRZeyjRZeEJEvwqEkZk19-zyjsRCDddge-O7sRdmn-Y/edit#gid=2091054548 Project Page: https://app.alexlab.co/launchpad/trex20 X/Twitter: https://twitter.com/trex20_official Website: https://trex20.xyz/ Medium: https://medium.com/@trex20 Telegram Announcement: https://t.me/trex20OfficialAnnouncement Telegram: https://t.me/trex20OfficialChat Vote to either approve or disapprove the project to launch on ALEX. The ALEX Lab Foundation does NOT sponsor the projects approved for the ALEX Launchpad. Community members must do their own research on how to vote. The ALEX Lab Foundation will hold a subsequent X/Twitter Spaces to ask community questions of the project if selected. => Vote with ALEX and atALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and atALEX) with different weighting (because 1 atALEX ~= 1.06 ALEX) two ballots have been created. If you have both tokens, vote with both. The atALEX vote will be multiplied by its intrinsic value in ALEX at 1 atALEX = 1.06ALEX. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and AutoALEX positions in providing protocol liquidity and reserves the right to vote.

Last Modified : Mar 30, 2024, 5:07 AM
Treasury Grant Program
Closed

Based on the community feedbacks and suggestions, as summarized in our recent announcement (https://x.com/ALEXLabBTC/status/1794681669179310507), the Foundation selected four feasible and immediately actionable proposals for a governance vote by the community to decide on the Treasury Grant Program. >> Vote Conditions << - At least 50% of the vote token must participate and choose one of the four choices. - The proposal with the most votes (excluding abstain votes) is deemed the winning proposal to be implemented as the Treasury Grant Program. - ALEX total circulated supply is 737,195,210, of which, the Foundation confirmed that, 68,267,405 is on Bithumb, 30,830,764 on Gate and 12,291,567 on Bitget. In addition, 71,561,337 ALEX tokens belonging to the Foundation were burned as part of the recovery process. - Hence, total available vote amount is 625,805,474, including 173,231,056 ALEX tokens held at the DAO contract. - The 71,561,337 ALEX tokens belonging to the Foundation and the 173,231,056 ALEX tokens held at the DAO contract will vote to abstain. >> Proposals << **Distribution of the Recovered Assets to LP holders and Minting of NFTs for non-recovered STX** Summary: the Foundation distributes the recovered assets to LP holders as soon as possible. For unrecovered STX, an NFT is issued to each LP to represent those unrecovered STX. Those NFTs can be redeemed for STX as more STX are recovered / returnable (through legal actions, fund raise or borrowing, etc). ** Synthetic STX (14 million STX) ** Summary: Using $7 million USDC + 16% ALEX reserve (current valuation around $40 million, with over collateral value 1.5x) as collateral to mint 14 million aSTX or iouSTX. Any recovered STX and the protocol revenue will be sent to the collateral pool to maintain the collateralization ratio of 1.5x. These synthetic STX will be added back to LP pools and eligible for future farm rewards. The token may be redeemed with the underlying collateral distributed to the token holders, subject to a governance vote ** Synthetic USDC (28 million USDC) ** Summary: Using $7 million USDC + 16% ALEX reserve (current valuation around $40 million, with over collateral value 1.5x) as collateral to mint 28 million aUSDC. Any recovered STX and the protocol revenue will be sent to the collateral pool to maintain the collateralization ratio of 1.5x. These synthetic STX will be added back to LP pools and eligible for future farm rewards. The token may be redeemed with the underlying collateral distributed to the token holders, subject to a governance vote. ** Fairly Distribute the Remaining STX in the Vault to Cover LP Loss ** Summary: 150k STX recovered so far is distributed fairly among all LP holders. The remaining loss is substituted with $ALEX token with an exchange rate at 10 $ALEX per STX. The substituted $ALEX can be redeemed over the next 32 cycles in equal amount (i.e. 32 installments). Any recovered STX during the redemption period will be returned fairly to all LP holders in exchange for reducing the $ALEX to be redeemed at the same exchange rate of 10 $ALEX per STX. All other recovered assets will be returned to the LP holders immediately. The $ALEX to be redeemed will accrue staking reward in accordance with the $ALEX staking yield pre-exploit. The Foundation will deploy $7m to create a STX/$ALEX to provide liquidity to the platform.

Last Modified : May 28, 2024, 3:44 PM
Treasury Grant Program
Closed

Based on the community feedbacks and suggestions, as summarized in our recent announcement (https://x.com/ALEXLabBTC/status/1794681669179310507), the Foundation selected four feasible and immediately actionable proposals for a governance vote by the community to decide on the Treasury Grant Program. >> Vote Conditions << - At least 50% of the vote token must participate and choose one of the five choices. - The proposal with the most votes (excluding abstain votes) is deemed the winning proposal to be implemented as the Treasury Grant Program. - ALEX total circulated supply is 737,195,210, of which, the Foundation confirmed that, 82,123,945 is on Bithumb, 30,830,764 on Gate and 12,291,567 on Bitget. In addition, 71,561,337 ALEX tokens belonging to the Foundation were burned as part of the recovery process. - Hence, total available vote amount is 611,948,934, including 173,231,056 ALEX tokens held at the DAO contract. - The 71,561,337 ALEX tokens belonging to the Foundation and the 173,231,056 ALEX tokens held at the DAO contract will vote to abstain. >> Proposals << **Distribution of the Recovered Assets to LP holders and Minting of NFTs for non-recovered STX** Summary: the Foundation distributes the recovered assets to LP holders as soon as possible. For unrecovered STX, an NFT is issued to each LP to represent those unrecovered STX. Those NFTs can be redeemed for STX as more STX are recovered / returnable (through legal actions, fund raise or borrowing, etc). ** Synthetic STX (14 million STX) ** Summary: Using $7 million USDC + 16% ALEX reserve (current valuation around $40 million, with over collateral value 1.5x) as collateral to mint 14 million aSTX or iouSTX. Any recovered STX and the protocol revenue will be sent to the collateral pool to maintain the collateralization ratio of 1.5x. These synthetic STX will be added back to LP pools and eligible for future farm rewards. The token may be redeemed with the underlying collateral distributed to the token holders, subject to a governance vote ** Synthetic USDC (28 million USDC) ** Summary: Using $7 million USDC + 16% ALEX reserve (current valuation around $40 million, with over collateral value 1.5x) as collateral to mint 28 million aUSDC. Any recovered STX and the protocol revenue will be sent to the collateral pool to maintain the collateralization ratio of 1.5x. These synthetic STX will be added back to LP pools and eligible for future farm rewards. The token may be redeemed with the underlying collateral distributed to the token holders, subject to a governance vote. ** Fairly Distribute the Remaining STX in the Vault to Cover LP Loss ** Summary: 150k STX recovered so far is distributed fairly among all LP holders. The remaining loss is substituted with $ALEX token with an exchange rate at 10 $ALEX per STX. The substituted $ALEX can be redeemed over the next 32 cycles in equal amount (i.e. 32 installments). Any recovered STX during the redemption period will be returned fairly to all LP holders in exchange for reducing the $ALEX to be redeemed at the same exchange rate of 10 $ALEX per STX. All other recovered assets will be returned to the LP holders immediately. The $ALEX to be redeemed will accrue staking reward in accordance with the $ALEX staking yield pre-exploit. The Foundation will deploy $7m to create a STX/$ALEX to provide liquidity to the platform.

Last Modified : May 28, 2024, 3:57 PM
(Vote with ALEX) ALEX Governance Proposal: Allow LEO team to receive compensation in $ALEX for burnt LP tokens
Closed

***Please note: $ALEX must be migrated in order to participate in governance voting*** Summary: The LEO team has requested to receive compensation in $ALEX for burnt LP tokens. If approved they would receive the $ALEX over 32 cycles, under the Treasury Grant Program, to a wallet they have designated and announced: SPZ3VWN5GMVPY20HWS2WH10KP4P0R99PWRQP2S4J. This request is challenging because the LP tokens in question were sent to a burn address and have no owner. Which means neither the ALEX protocol nor LEO team has access to the burnt LPs. By default, burning LP tokens served the purpose of proving to token communities the liquidity was permanently locked on ALEX protocol, as the LP tokens could never be further accessed by any party. During the security incident on May 14, the STX/LEO pool was affected, with both STX and LEO tokens stolen, but the Foundation subsequently managed to recover the stolen LEO tokens from the hacker. After the ALEX Lab Foundation announced the Treasury Grant Program, most meme coin teams confirmed having their LP Pools recapitalized with $ALEX, restoring them to the original state of a burnt LP position, was acceptable. The LEO team requested to choose Option 1 below, which is to receive $ALEX over 32 cycles. By choosing Option 1, the LEO team requests changing the allocation of $ALEX compensation from Burnt LP wallet to a new wallet that LEO provided. As this is a new wallet provided by the LEO team, they have posted an announcement to clarify the situation. https://x.com/leocoinstx/status/1800514342133383611?s=46&t=cs3kFG6cy6C7hklaCYVpPg We ask our community to vote on whether to: Option 1: Authorize the LEO teams to receive $ALEX compensation to the new wallet provided, with 32 cycle vesting. Upon receiving $ALEX, how the tokens will be used is entirely under LEO team control as per their announcement linked in the proposal. Or Option 2: Provide $ALEX compensation (without vesting) to create ALEX/LEO pool, and burn LP tokens to restore to original state (same as for the other memecoins). Liquidity remains on the ALEX protocol. Or Option 3: Abstain from the vote. => Vote with ALEX and atALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and atALEX) with different weighting (because 1 atALEX ~= 1.06 ALEX) two ballots have been created. If you have both tokens, vote with both. The atALEX vote will be multiplied by its intrinsic value in ALEX at 1 atALEX = 1.06 ALEX. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and AutoALEX positions in providing protocol liquidity and will abstain from the vote.

Last Modified : Jun 13, 2024, 1:09 AM
(Vote with atALEX) ALEX Governance Proposal: Allow LEO team to receive compensation in $ALEX for burnt LP tokens
Closed

Summary: The LEO team has requested to receive compensation in $ALEX for burnt LP tokens. If approved they would receive the $ALEX over 32 cycles, under the Treasury Grant Program, to a wallet they have designated and announced: SPZ3VWN5GMVPY20HWS2WH10KP4P0R99PWRQP2S4J. This request is challenging because the LP tokens in question were sent to a burn address and have no owner. Which means neither the ALEX protocol nor LEO team has access to the burnt LPs. By default, burning LP tokens served the purpose of proving to token communities the liquidity was permanently locked on ALEX protocol, as the LP tokens could never be further accessed by any party. During the security incident on May 14, the STX/LEO pool was affected, with both STX and LEO tokens stolen, but the Foundation subsequently managed to recover the stolen LEO tokens from the hacker. After the ALEX Lab Foundation announced the Treasury Grant Program, most meme coin teams confirmed having their LP Pools recapitalized with $ALEX, restoring them to the original state of a burnt LP position, was acceptable. The LEO team requested to choose Option 1 below, which is to receive $ALEX over 32 cycles. By choosing Option 1, the LEO team requests changing the allocation of $ALEX compensation from Burnt LP wallet to a new wallet that LEO provided. As this is a new wallet provided by the LEO team, they have posted an announcement to clarify the situation. https://x.com/leocoinstx/status/1800514342133383611?s=46&t=cs3kFG6cy6C7hklaCYVpPg We ask our community to vote on whether to: Option 1: Authorize the LEO teams to receive $ALEX compensation to the new wallet provided, with 32 cycle vesting. Upon receiving $ALEX, how the tokens will be used is entirely under LEO team control as per their announcement linked in the proposal. Or Option 2: Provide $ALEX compensation (without vesting) to create ALEX/LEO pool, and burn LP tokens to restore to original state (same as for the other memecoins). Liquidity remains on the ALEX protocol. Or Option 3: Abstain from the vote. => Vote with ALEX and atALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and atALEX) with different weighting (because 1 atALEX ~= 1.06 ALEX) two ballots have been created. If you have both tokens, vote with both. The atALEX vote will be multiplied by its intrinsic value in ALEX at 1 atALEX = 1.06 ALEX. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and AutoALEX positions in providing protocol liquidity and will abstain from the vote.

Last Modified : Jun 13, 2024, 1:11 AM
(Vote with ALEX) ALEX Governance Proposal: Utilize 100% of Protocol Revenue as an Additional Grant Distribution Toward Recovery Certificate Holders
Closed

***Please note: $ALEX must be migrated and $atALEX migrated to $LiALEX in order to participate in governance voting*** Proposal to Utilize 100% of Protocol Revenue as an Additional Grant Distribution Toward Recovery Certificate Holders Introduction: The ALEX Lab Foundation understands our community wants greater transparency on asset recovery for the affected users, so is creating a dedicated portal ("Recovered Asset Portal", or "RAP"), where all users affected will be issued an on-chain Recovery Certificate, representing their rights to asset recovery, and can monitor the latest on the asset recovery efforts. The Foundation would like to further propose the use of ALEX protocol revenue as an additional grant for the affected users. Proposal: This additional grant would apply to all the affected users (i.e. both opt-in and opt-out users with respect to the existing Treasury Grant Program). This additional grant would work similar to the TGP with 100% of the protocol revenue going to these additional grants until all the unrecovered STX are fully substituted. Users who opted in for the existing TGP can receive those protocol revenue by returning the $ALEX they received in the 10:1 ratio. The distribution of the protocol revenue as additional grant is proposed to be made every quarter, with the first distribution happening on or around September 30, 2024, if this proposal is approved. The Foundation will convert into STX the protocol revenue accrued up to the quarter end and make them available as additional grant for the affected users. The relevant announcement and information will be available through the RAP. => Vote with ALEX and LiALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and LiALEX), two ballots have been created. If you have both tokens, vote with both. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and LiALEX positions in providing protocol liquidity and will abstain from the vote.

Last Modified : Jul 1, 2024, 3:27 PM
(Vote with LiALEX) ALEX Governance Proposal: Utilize 100% of Protocol Revenue as an Additional Grant Distribution Toward Recovery Certificate Holders
Closed

***Please note: $ALEX must be migrated and $atALEX migrated to $LiALEX in order to participate in governance voting*** Proposal to Utilize 100% of Protocol Revenue as an Additional Grant Distribution Toward Recovery Certificate Holders Introduction: The ALEX Lab Foundation understands our community wants greater transparency on asset recovery for the affected users, so is creating a dedicated portal ("Recovered Asset Portal", or "RAP"), where all users affected will be issued an on-chain Recovery Certificate, representing their rights to asset recovery, and can monitor the latest on the asset recovery efforts. The Foundation would like to further propose the use of ALEX protocol revenue as an additional grant for the affected users. Proposal: This additional grant would apply to all the affected users (i.e. both opt-in and opt-out users with respect to the existing Treasury Grant Program). This additional grant would work similar to the TGP with 100% of the protocol revenue going to these additional grants until all the unrecovered STX are fully substituted. Users who opted in for the existing TGP can receive those protocol revenue by returning the $ALEX they received in the 10:1 ratio. The distribution of the protocol revenue as additional grant is proposed to be made every quarter, with the first distribution happening on or around September 30, 2024, if this proposal is approved. The Foundation will convert into STX the protocol revenue accrued up to the quarter end and make them available as additional grant for the affected users. The relevant announcement and information will be available through the RAP. => Vote with ALEX and LiALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and LiALEX), two ballots have been created. If you have both tokens, vote with both. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and LiALEX positions in providing protocol liquidity and will abstain from the vote.

Last Modified : Jul 1, 2024, 3:31 PM
(Vote with LiALEX) ALEX Governance Proposal: Approve Emissions Adjustment for the ALEX Surge Campaign
Closed

Proposal to Approve Emissions Adjustment for the ALEX Surge Campaign Introduction: The ALEX Lab Foundation recognizes the critical role that community tokens play in the success of decentralized exchanges (DEXs). Having operated for nearly three years, the ALEX AMM DEX has seen the expiration of farming rewards for many projects and meme coins. With the upcoming Nakamoto upgrade to Stacks—promising a 100x increase in transaction speed—the Foundation anticipates a surge in new users joining the Stacks ecosystem. To seize this opportunity, the Foundation proposes an increase in ALEX emissions to fuel the launch of the ALEX Surge campaign, designed to reinvigorate community token farming and engagement on the platform. Proposal: This proposal seeks approval for an increase in emissions by 12 million ALEX over a one-year period. The current emission schedule for 2024 is set at approximately 55.5 million ALEX. The additional 12 million ALEX will be allocated to the ALEX Surge Campaign, incentivizing projects and meme coin communities through ALEX farming rewards. These rewards will drive competition for social media engagement, encouraging meme coin trading and farming on ALEX. This initiative is expected to boost trading activity and farming TVL for community token pools at a pivotal time for Stacks, as the Nakamoto fast blocks go live. For further details please see our Medium https://medium.com/alexgobtc/alex-governance-proposal-alex-surge-campaign-emissions-approval-785bc4d772d3 => Vote with ALEX and LiALEX <= As Ballot.gg does not support a voting strategy that involves two tokens (ALEX and LiALEX), two ballots have been created. If you have both tokens, vote with both. When voting closes the results of both ballots will be merged to determine the final result. The ALEX Lab Foundation holds ALEX and LiALEX positions in providing protocol liquidity and will abstain from the vote.

Last Modified : Oct 25, 2024, 9:31 AM