Excalibur Exchange Governance Proposal

Published on: 25.03.2022

Their proposal’s main goal is to reinforce their ability to attract more trading volume and more generally to expand their ecosystem, with the obvious purpose of creating a more sustainable ground for the future of the protocol.

Voting will take effect from the publication date of this post, and will last until March 25th 0am UTC, on this address: https://snapshot.org/#/excaliburexchange.eth

Proposal terms

Set deposit fees to 0% for all farm
Adjust the emission allocations

How does Excalibur governance work?

Community members are able to use their GRAIL, acting as a governance token, to vote for official proposals, more GRAIL representing more voting power. The process doesn’t require any transaction and is absolutely gasless.

When a proposal is approved by the community through this process, a DAO consisting of team members and advisors will implement the necessary contracts and/or transactions and execute the final decision.

The final result of the vote will always have to go through the DAO validation in order to prevent bugs or ill-intended actors to push for malicious changes.

Excalibur Exchange

Excalibur Exchange is a Decentralized protocol built with a focus on sustainability and capital efficiency. Ownership and governance of the protocol will be truly decentralized, from day one vesting into the hands of traders, liquidity providers and listed projects growing the ecosystem. Advanced shareholding mechanisms, time vault staking & project-owned liquidity ensure that we can reach this holy grail.