Community Proposal: Sunsetting of the DeFi Momentum Index (DMX)
This is a governance proposal to sunset Amun’s DeFi Momentum Index (DMX) token. First off, we would like to thank our community for supporting DMX. After careful consideration and detailed market analysis, we have decided to submit a community proposal to sunset the DeFi Momentum Index token.
The snapshot was taken March 11th at 7pm UTC. The vote will be open from Friday, March 11th at 7pm UTC and end Tuesday, March 15th at 3am UTC. Link here.
If the proposal is passed:
Minting for DMX will be disabled on the platform on 3/15/2022 at 10am EST. Users will continue to be able to redeem (burn) their DMX tokens to receive either ETH or the underlying assets indefinitely.
The website will be updated to no longer display DMX the product. However, for any remaining token holders, you will be able to connect your wallet to the platform, which will check if you have any DMX in your wallet. If so, you will still have the option to redeem your DMX, or swap for ETH.
All Amun-supplied DMX liquidity on Uniswap will be removed on 3/29/2022.
Proposal voting instructions:
In order to vote on the given proposal, you must have had DMX tokens in your wallet at on March 11th 3pm EST.
- Go to the DMX snapshot page
- Click on “Connect wallet” button in the top right corner
- Connect with wallet provider where you hold DMX
- Click on the option you want to vote for
- Sign the message via your wallet and done
If you have any questions feel free to reach out to us on Discord, Twitter, or Telegram.
