Vote in the pNetwork DAO — the second proposal is open!

pNetwork Team
Sep 8 · 3 min read
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It’s time for another vote! A new proposal is now open within the pNetwork DAO.

DAO members can review and vote on the proposal on the Aragon platform and from the Eidoo app. For a summary along with a more detailed explanation, read on.

Our first DAO vote was a great success!

With a staggering 98% in favour, the community passed the inaugural proposal to introduce pLTC to our yield farming program, Steroids. During Epoch 1, approximately 30.44 million daoPNT voted on the proposal and DAO members received over 550k PNT rewards.

Now a new proposal awaits your vote!

DAO members can access the latest pNetwork’s proposal on the Aragon platform and from the Eidoo app. A detailed explanation is outlined on IPFS.

Community discussion on Proposal 2 is welcome in the pNetwork forum and the pNetwork Discord server. We hope you join us, and other community members to assess open proposals, suggest new ones, and participate in the growth and development of the pNetwork.

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Proposal: Subsidizing Gas Costs

Should the DAO financially support DAO voting via Eidoo by subsidising voting/staking gas costs?

A vote in favour of this proposal would mean the DAO would subsidise all on-chain transaction fees for those members staking and voting via Eidoo, fully absorbing those costs paid to the Ethereum blockchain.

DAO staking and voting are essential components for any decentralised decision-making to happen. While network fees are currently subsidised for users of the Eidoo App who stake (partial subsidy) and vote (total subsidy) through it, this is a loss-making operation that the Eidoo project has decided to embark on with the purpose of growing its user-base.

The DAO fund aims to grow the pNetwork ecosystem. A way to achieve this goal is to be inclusive of the community within the project’s strategy and to boost the adoption of the Eidoo App. This proposal proposes to direct part of these PNT funds towards subsidising network fees on all voting transactions whose goal is to determine the path forward for the project and how to contribute to the overall decentralized ecosystem.

Introducing such a subsidy is aimed to increase active participation in the project without high gas prices becoming a burden for the users.

To review and vote on this proposal, navigate to the pNetwork DAO interface on the Aragon platform or visit the pDAO Manager within your Eidoo app.

Only 3 days to vote!

Voting will be open for 3 days to those who have staked PNT and received daoPNT, the token issued by the staking manager to represent a contribution to the DAO. Through active voting, daoPNT holders become eligible for earning 42% interest on their tokens at stake. For more information on staking, within the DAO, see our staking guide or join our community channels below.

🦜 Want to join our flock? Connect with us on Twitter and join the conversation in our pTokens Telegram and Discord.

💡 For a more technical deep dive into pTokens infrastructure, read our technical paper or check out the summary on our website.

🔋 Learn more about the pNetwork, the decentralized system and DAO powering pTokens.

🔗 For any blockchain project looking to integrate pTokens into their infrastructure, we have also built a pTokens JS library.

💌 Excited about pBTC & pLTC? Sign up for our newsletter and be the first to know which blockchain pTokens will make their home in next.

pNetwork

Enabling cross-chain DeFi composability

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