LAVA is all about community and we want all community members to feel their ideas are being listened to. We have had a few people suggest that we increase our HECO supply and reopen a new liquidity mining pool for HECO. In the spirit of democracy, we will be doing a vote for iLAVA holders. This one will be specifically about our future HECO supply and liquidity pools. We will also assume that any initial pools will use LAVA- USDT as that was strongly favored in the 003 vote.
iLAVA Vote 004 — HECO Supply + Liquidity Pool
We listen to our community and iLAVA will help decide where we are heading to!
There is currently 15,907,195.94 LAVA (HECO) total supply as there is 84 million that was burnt. There are a few options that are popular from our community:
1. 100%. Bring the 84 million (84 million X 100%) back and do a new LAVA — USDT liquidity pool similar to LAVA (BSC), the details will be via voting.
2. 80%. Bring the 67.2 million (84 million X 80%) back and do a new LAVA — USDT liquidity pool similar to LAVA (BSC), the details will be via voting.
3. 50%. Bring the 42 million (84 million X 50%) back and do a new LAVA — USDT liquidity pool similar to LAVA (BSC), the details will be via voting.
4. 30%. Bring the 25.2 million (84 million X 30%) back and do a new LAVA — USDT liquidity pool similar to LAVA (BSC), the details will be via voting.
5. DO NOTHING.
Vote link: https://snapshot.org/#/lavaswap.eth/proposal/Qma1oW2nf4wuyHnzuXF6VXVjEoMsvKCAtmtaUsLarrQcLe
This vote will start immediately and go until September 23rd. Make your vote count.
— — — — — — — — —
About LAVA
LAVA is an interoperable decentralized cross-chain swap protocol powered by BSC + HECO. Since its launch, it has been actively exploring the best development model for the DEX market, with a peak TVL of $200M+. After months of research and discussion, LavaSwap has a deeper understanding of the DEX development and community user needs. V2 will make new adjustments and upgrades on the basis of the existing economic model, and is committed to leading the DEX market into the new era!
