1๏ธโƒฃStage I : Initial Changes

Stage I of the V3 migration will introduce some of the bigger changes to the overall model that the team and community have been working diligently on to decide.

Split โœ…

veNFTs will have a split() function enabled to allow division of ve positions into multiple smaller instances.

Permanent Voting Escrow Locks โŒ›

The concept of relocking, and claiming rebases will become a thing of the past-- making veNFT management significantly more user friendly. veNFTs will now BURN the RAM upon creation, and will stay permanently locked.

Active-Rebases โŒ›

With the Voting Escrow changes, we are also implementing an active rebasing system. This means that users will need to participate in the weekly governance process of directing emissions (voting) to earn a rebase.

Boost Removal โœ…

Boost has been a constant controversy since the implementation of V2 (CL) and has created quite a few inherent issues regarding retail attraction and user acquisition. While we believe the boost model itself has potential, it falls short without extensive education and hand-holding. Due to our multi-pronged expansions, we believe removing boost (at least for the time being) is something that will enhance our product significantly.

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