>> Overview <<
The community has expressed the desire for further input on details not covered in the Choice 5.
To address these concerns, I plan to introduce two additional votes. These votes aim to gather community consensus on the following important issues:
1️⃣ Compensation vs. Liquidity Pool (LP) Ratio: Currently, the plan allocates 150,000 STX for direct compensation to affected LP holders and $7 million USDC to the liquidity of the pools. We need to decide if this allocation should be adjusted. (this poll)
2️⃣ STX/ALEX Exchange Rate: The current rate is set at 1 STX to 10 ALEX. This rate is crucial for calculating compensation and needs community agreement (we will vote in another Ballot poll)
The results of this poll will serve as insight for the ALEX Team to consider when making adjustments to the implementation.
>> Objective of Adjusting the Compensation vs. Add Liquidity Pool (LP) Ratio <<
The current 150k STX compensation offer is inadequate and fails to address the impact on affected users. We propose a more equitable ratio:
✅ This is an opportunity to demonstrate leadership and show concern for the affected community.
✅ Implementing a fairer ratio will provide meaningful financial relief to those impacted.
✅ The more money affected users receive in return, the less pressure there will be to sell ALEX tokens.
>> Proposal Details <<
Remaining Resources: 150k STX and $7M USDC. The team needs to sell USDC to compensate STX for affected users.
Distribute these Remaining Resources fairly among all LP holders based on their share of the pool.
For example, if a wallet accounts for 1% of the LP’s total value, it will receive 1% of the Remaining Resources.
>> Proposals <<
Option 1: 100-0 Split
* 100% of remaining resources (150k STX and $7M) allocated to direct compensation
* 0% allocated to adding liquidity
Option 2: 80-20 Split
* 80% of remaining resources (150k STX and $7M) allocated to direct compensation
* 20% allocated to adding liquidity
Option 3: 70-30 Split
* 70% of remaining resources (150k STX and $7M) allocated to direct compensation
* 30% allocated to adding liquidity
Option 4: 50-50 Split
* 50% of remaining resources (150k STX and $7M) allocated to direct compensation
* 50% allocated to adding liquidity
Option 5: Maintain Current Ratio
* 150k STX allocated to direct compensation
* $7M USDC allocated to add liquidity
>> Vote Conditions <<
- Participation Requirement: At least 50% of votes from Choice 5 must participate and choose one of the options.
- Example: If Choice 5 received 60M votes, a minimum of 30M in total votes must be cast in this proposal to validate the outcome.
- We will use the same voting token that Alex team issued (SP102V8P0F7JX67ARQ77WEA3D3CFB5XW39REDT0AM.token-special-vote)