key points
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AIP-003 will be broadcast live next week! This offer determines whether to stake ~2.8K ETH in Axie Treasury. If passed, it would secure an additional revenue stream for Lunacia.
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Voting delegation will be available soon in App.axie. When the AIP-003 snapshot is completed next week, you’ll be able to share your vote with other Lunacians with just a few clicks. Check out the step-by-step guide below and Support guide here For more information
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Voting rights adjustments: AIP-003 requires an overwhelming majority of 66% yes votes to pass. Additionally, a 10% voting cap per Lunacian was implemented. See below for more details.
Lunacians, a digital nation, your vote is needed soon! AIP-003 is a proposal to put Axie Infinity Treasury’s ETH to work. We’ll be taking a voting snapshot next week, and the voting period will open a few days after that. We’ve also launched a voting delegation feature on App.axie to make it easier for more community members to have their voices heard. The current situation is as follows:
AIP-003 is a proposal to stake Axie Treasury’s ETH holdings. If passed, Lunacia will begin earning staking returns from industry-leading staking protocols, including Lido’s wstETH, Rocket Pool’s rETH, and Coinbase’s cbETH. This means Axie Infinity will gain additional revenue streams, opening up new possibilities for the digital nation!
There is approximately 2,829.43 ETH in the Treasury, worth over $8 million at current prices! At ~2.4% APY, this represents an annual return of over 67 ETH. Here’s an overview of what that looks like:
• 67 ETH (or $200,000 USD) or more per year
• 5.6 ETH (or $17,000 USD) or more per month
• More than 0.19 ETH (or $575 USD) per day
Remember: These funds belong to the Axie community. That means only you can decide how to use it. AIP-003 allows you to stake this ETH and any further changes will always require a new AIP.
Lunacia is built on Delegation. Administrators and academics. Homeland Plot Access. App.axie delegate. These features allow more people to participate in all parts of Lunacia. Today we launched voting delegation!
Once the AIP-003 Voting Snapshot is completed next week, you will be able to delegate your voting rights to another Lunacian. Here are some reasons why you might want to delegate your voting rights:
• I cannot vote during AIP and would like to make sure voting takes place.
• You have a lot of voting power and want to encourage others to participate in governance.
• If you want to abstain from voting but still exercise your right to vote
Step 1: Go to the Axie Governance Voting Portal
Step 2: Click “Delegate Voting”.
Step 3: Enter the Ronin address or RNS of the Lunacian you wish to delegate.
Step 4: Check your transactions in your wallet.
If you’ve received delegated voting rights, are you wondering how to use them? Or do you want to cancel your voting rights delegation? Check out our support guide for more details.
Thank you for your feedback following AIP-002. We are now enforcing a 10% voting limit per Lunacian. This means that Lunacian voting power will never account for more than 10% of the total votes. This helps strengthen the voices of underrepresented Lunasians.
We’re also making the 66% supermajority requirement clearer in App.axie. This means that for a proposal to pass, which requires an absolute majority, 66% of all votes must be ‘yes’. This is reflected in the App.axie UI.. This ensures that the proposal is well supported by a large portion of Lunacians.
cue: Can multiple users delegate to a single address?
no way: yes. One address can vote for the combined voting power of all delegators (up to 100 users).
cue: Is the voting mandate permanent?
no way: No, you can revoke your voting delegation as long as your representative has not yet voted. To delegate voting rights in the next AIP, you will need to re-enter the delegate’s address.
cue: Will this change how many times I can vote?
no way: No, Lunacians can only vote once. This applies regardless of whether you delegate your voting rights or have received delegated voting rights.
cue: How does App.axie publicly display delegated votes when a delegate votes?
no way: The delegator’s visible voting power will remain the same even if another Lunasian uses it to vote as the delegator.
cue: Can I delegate voting to an address that does not have voting rights?
no way: yes.