iLAVA Vote 005 β€” iLAVA Rewards Options πŸ—³οΈπŸ—³οΈπŸ—³οΈπŸ”₯πŸ”₯πŸ”₯

LavaSwap
2 min readDec 3, 2021

It’s iLAVA Rewards voting time.

iLAVA Vote 005 β€” iLAVA rewards options:
Per Vote 001, the vote passed the 100 days of iLAVA rewards. The total budget = 800,000 LAVA. We started the program on August 20, 2021 and the iLAVA rewards finished on November 27, 2021.
Now, our iLAVA holders have to decide: should we extend this iLAVA reward program? Please note that on BSC, we allocated 80% of 84 million LAVA to our liquidity pool. There are 20% of 84 million of LAVA tokens left. We are going to vote for the next 100 days.
Vote Options:
1. 3,000 LAVA/day. Total budget = 300,000 LAVA.
2. 5,000 LAVA/day. Total budget = 500,000 LAVA.
3. 8,000 LAVA/day. Total budget = 800,000 LAVA.
4. DO NOTHING for now. We will vote for the future if there are better options.

Vote link: https://snapshot.org/#/lavaswap.eth/proposal/0xe1211cecc04489e55dcb64fb053ddd3a4a86e026fa09d1a9ee16cc1f135729f6

Make your voice heard!

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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!

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LavaSwap

BLAZING DeFi Playground & Cross-chain Asset Bridge