[Proposal-11] Adjust the percentage of daily trading fee income used to repurchase APX

APX (formerly ApolloX)
APX Finance
Published in
2 min readSep 11, 2023

Dear ApolloX Users,

ApolloX will start the voting round for its eleventh core proposal. We welcome all users to join our official ApolloX Discord Forum to engage in discussions and to cast your vote through Snapshot.

Proposal details:

Proposer: ApolloX DAO Administrator

Quorum vote requirement: Total power value reaching 5 million votes

Voting time: 5 days

Voting link: https://snapshot.org/#/apolloxdao.eth/proposal/0x5f989f95f386635c1efced6b7bcc082696199f554cf0cb2251f7cdb589624388

Proposal content:

Dear ApolloX users,

To thank everyone for their continuous support and contribution to the ApolloX platform, ApolloX plans to increase the percentage of its daily fee income used to repurchase APX, which will be added into the DAO staking reward pool for distribution to APX stakers.

Repurchase method: The platform will allocate a portion of its daily trading fee income for the repurchase and complete the APX repurchase within the same day. Repurchased APX will be automatically transferred to the below DAO contract address and distributed to staking users in accordance with the DAO reward rules.

*Platform trading fee income refers to the net income of BUSD,USDT and income from other tokens after deducting the liquidity cost, and will be converted to the USDT equivalent amount to be added into the DAO contract address to carry out the repurchase.

Contract Address: 0x7f878994507F5B0588cF0EBEE07128d9A742ad9d

Option 1: Repurchase percentage: 50%

Option 2: Maintain current percentage: 30%

More details about ApolloX DAO can be found in Governance.

Thank you for your continuous support!

【提案-11】平台手续费收入回购APX比例调整的提案

亲爱的用户:

ApolloX将开启第十一次核心提案的投票,欢迎用户加入ApolloX Discord官方论坛讨论,并进入Snapshot投出您的一票!

以下是提案详情:

提案人:ApolloX DAO管理员

法定票数要求:投票总Power值达到500万票

投票时间:5天

投票链接:https://snapshot.org/#/apolloxdao.eth/proposal/0x5f989f95f386635c1efced6b7bcc082696199f554cf0cb2251f7cdb589624388

提案内容:

亲爱的用户:

为了更好地回馈平台用户,ApolloX计划提升手续费收入回购APX的比例,同时,将继续把回购的APX注入DAO系统中作为奖励分发给参与用户。

回购具体方式:平台会将用于回购部分手续费进行合理分配,不定时触发回购策略,完成当日APX回购策略,并将回购APX自动汇入DAO锁仓合约地址中,按照DAO奖励规则分配给DAO质押用户。

*平台手续费收入是扣除流动性成本及返佣等多项支出后的USDT、BUSD和其他币种净收入,最终将折合为等值的USDT资产充值进DAO锁仓合约地址进行回购操作

合约地址:0x7f878994507F5B0588cF0EBEE07128d9A742ad9d

选项一:回购比例:50%

选项二:维持原有30%的回购比例

关于ApolloX DAO更多细节可以查阅Governance

感谢用户的支持!

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