kwak
Block Syncing...
Governance Proposals
Total:33
| # | Title | Status | Voting End | Type |
|---|---|---|---|---|
| 33 | Enable EDEN rewards for WBTC, ETH and PAXG poolsThis proposal aims to update the pool multiplier used for distributing rewards based on the proxy Total Value Locked (TVL) on Elys and enable EDEN rewards. The pool multipliers are a critical component in determining the allocation of rewards to liquidity providers | Passed | Apr 11, 2025Ended | Msg Update Pool Multipliers |
| 32 | Adding WBTC, ETH, PAXG and USDT tokens in AssetProfile and OracleThis proposal adds the following to the assetprofile, and updates the price oracle to include:
-Wrapped Bitcoin, Token Symbol WBTC. IBC Denom ibc/0E293A7622DC9A6439DB60E6D234B5AF446962E27CA3AB44D0590603DFF6968E , channel 1
-Ethereum, Token Symbol ETH. IBC Denom ibc/694A6B26A43A2FBECCFFEAC022DEACB39578E54207FDD32005CD976B57B98004 , channel 1
-Tether USD, Token Symbol USDT. IBC Denom ibc/D4FF12988C31AD8E3D2555621F95C7EB2B6FBAAD2F9487FB11A2A8BBB004B4B3 , channel 1
-PAX Gold, Token Symbol PAXG. IBC Denom ibc/68B5E8DA9270FA00245484BB1C07AD75399AD67D54A1344F6E998B5FB69B664F , channel 1 | Passed | Apr 10, 2025Ended | Msg Create Asset Info |
| 31 | Integration of CosmWasm on Elys Network This proposal seeks to integrate permissioned limited CosmWasm support on Elys Network. This is necessary to be able to support various integrations, to include Skip.go (allowing the routing of swaps through Elys), and other ecosystem chains wishing to utilize Elys Network | Passed | Mar 21, 2025Ended | Unknown |
| 30 | Enable EDEN rewards for OM PoolThis proposal enables EDEN rewards for the OM Pool. Proposal 29 updated the base incentives multiplier to 1. The maximum base APR is capped at 75%. As a result, liquidity providers for the pool can earn up to 75% APR through EDEN rewards, plus additional USDC rewards collected from fees in the pool. | Passed | Mar 18, 2025Ended | Msg Toggle Pool Eden Rewards |
| 29 | Update OM Pool MultipliersThis proposal aims to update the pool multiplier used for distributing rewards based on the proxy Total Value Locked (TVL) on Elys. The pool multipliers are a critical component in determining the allocation of rewards to liquidity providers | Passed | Mar 14, 2025Ended | Msg Update Pool Multipliers |
| 28 | Update USDC deposit denom to IBC DenomThis proposal updates the USDC deposit denom to the IBC denom, resolving an issue with unstaking USDC from the earn pool. | Passed | Mar 11, 2025Ended | Msg Update Params |
| 27 | v2.2.0 UpgradeThis proposal upgrades ibc-go to v8.6.1 and ibc hooks to v8.0.0 The version upgrade addresses a vulnerability identified across all IBC chains. It also introduces min slippage and fixes partial vesting cancellation issue. | Passed | Mar 9, 2025Ended | Msg Software Upgrade |
| 26 | v2.1.0 UpgradeThis proposal upgrades cosmos sdk version to v0.50.12 and cometBFT to v0.38.17, and fixes Validation for MsgFeedMultipleExternalLiquidity. The sdk version upgrade addresses a vulnerability identified across all cosmos chains. | Passed | Feb 23, 2025Ended | Msg Software Upgrade |
| 25 | Change in Leverage LP parameters to accrue interest rate per block, reduce max leverage to 3x and reduce the max leverage LP capacity to 0.35This governance proposal looks to change two parameters for leverage LP
1) decreases number of blocks for interest accrual to 1 in order to parse through all the open leverage LP positions at the rate of 5 positions per block
2) decrease the max leverage for leverage LP from 5x to 3x in order to stay conservative while making sure the pools function smoothly
3) Decrease the max leverage LP capacity per pool to 0.35 in order to stay conservative while keeping the pools functioning smoothly | Passed | Feb 21, 2025Ended | Msg Update Params |
| 24 | Introducing a Takers Fee - A Road to Deflationary Dynamics for ElysThis governance proposal is a text proposal that introduces the concept of a takers fee, a mechanism widely used in centralized exchanges (CEXs) and some decentralized exchanges (DEXs) to enhance tokenomics and protocol sustainability.
What is a Takers Fee?
A takers fee is a transactional fee applied to trades executed on the platform. In this context, it would be applied to:
All spot swaps on the Elys DEX
Perpetual contracts
Single-sided liquidity additions
Leverage LP positions
The proposed initial takers fee is 0.1%, adjustable by governance, ensuring flexibility to adapt the parameter to evolving market conditions.
How does this benefit Elys?
The collected takers fee will be automatically used to buy ELYS tokens on the open market (via the Elys DEX). These purchased tokens will then be sent to a burner wallet, permanently removing them from circulation. This mechanism creates a deflationary pressure on ELYS, reducing the token supply over time.
Key Features of the Takers Fee Mechanism:
Deflationary Tokenomics
As trading activity on the Elys DEX increases, more ELYS tokens will be bought and burned, contributing to a reduction in circulating supply.
This creates direct value accrual for ELYS holders and aligns incentives across the ecosystem.
Governance-Controlled Flexibility
The takers fee parameter will be governance-adjustable, allowing us to calibrate the fee rate based on the evolving needs of the protocol and market.
Front-Running and MEV Mitigation
The buyback and burn process will occur within the same block as the takers fee collection. This eliminates opportunities for frontrunning or MEV (Maximal Extractable Value) attacks, ensuring a secure and efficient mechanism.
Why Implement a Takers Fee?
The introduction of this takers fee is part of a long-term strategy to enhance the utility and sustainability of the Elys ecosystem.
By tying protocol activity directly to tokenomics, we:
Create a deflationary dynamic that rewards ecosystem participants.
Encourage trading volume and liquidity growth, boosting the utility of the DEX and its associated products.
We believe this initiative represents a significant step toward building a sustainable, high-value DeFi platform while strengthening the ELYS tokenomics.
Vote YES if you would support the introduction of a takers fee
Vote No if you don’t. | Passed | Feb 15, 2025Ended | Unknown |
| 23 | v2 UpgradeThis proposal upgrades Elys Network to v2.0.0 It contains several enhancements and bug fixes. The complete list of changes is available at https://github.com/elys-network/elys/releases/tag/v2.0.0 | Passed | Feb 14, 2025Ended | Msg Software Upgrade |
| 22 | Enable pool rewards for OSMO, KAVA, NTRN and SCRTThis proposal adds the following rewards to the OSMO, KAVA, NTRN and SCRT liquidity pools: Standard base incentives with a multiplier of 1. The maximum base Apr is capped at 75%. The result will be that liquidity providers for these pools can earn up to 75% APR via EDEN rewards + additional USDC rewards which will be collected from fees in the pool. | Passed | Feb 9, 2025Ended | Msg Toggle Pool Eden Rewards |
| 21 | Adding STRD, OM, OSMO, BLD, KAVA, SCRT, STARS and NTRN tokens in AssetProfile and OracleThis proposal adds the following to the assetprofile, and updates the price oracle to include:
-Secret, Token Symbol SCRT. IBC Denom ibc/E3459360643C2555C57C7DAB0567FA762B42D5D6D45A76615EA7D99D933AEC04 , channel 14
-Mantra, Token Symbol OM. IBC Denom ibc/B870E6642B6491779D35F326A895780FC2F7409DFD7F639A98505555AEAF345F , channel 11
-Neutron, Token Symbol NTRN. IBC Denom ibc/8BFE59DCD5A7054F0A97CF91F3E3ABCA8C5BA454E548FA512B729D4004584D47 , channel 16
-Stargaze, Token Symbol STARS. IBC Denom ibc/07FA7831E1920D0C87C9388F86B0108677F6ED0C9DE7E4063F05ED675192405C , channel 15
-Agoric, Token Symbol BLD. IBC Denom ibc/7EE4FEE86299470E4E8712FB666FCCA75074DAAB749789E29C2360A4B7B7BE96 , channel 12
-Stride, Token Symbol STRD. IBC Denom ibc/50AFCA53FE2DCC6FC300F884524FA997E5A9D370EFEF9836F5C9461CB85AF8C1 , channel 17
-Osmosis, Token Symbol OSMO. IBC Denom ibc/646315E3B0461F5FA4C5C8968A88FC45D4D5D04A45B98F1B8294DD82F386DD85 , channel 6
-Kava, Token Symbol KAVA. IBC Denom ibc/147B3FF1D005512CCE4089559AF5D0C951F4211A031F15E782E505B85022DF89 , channel 13 | Passed | Feb 5, 2025Ended | Msg Add Entry |
| 20 | Update Max Interest Rate for USDC stable stake poolThis proposal changes the maximum interest rate to borrow from the USDC stable stake pool from 17% to 30%. The above parameter change will apply to new positions in the USDC pools and is a way to incentivize stakers to add to the USDC staking pool. Since the bootstrapping incentives for the AMM pools are significantly large, even with the increase of the max interest rate, it still looks attractive to borrow from USDC stable stake pool and add leverage LP.At a later stage as bootstrapping incentives are lowered, we would look to move it lower with the rest of the amm incentives as well. | Passed | Jan 25, 2025Ended | Msg Update Params |
| 19 | Update max Leverage LP percentage per poolThis proposal also changes the maximum allowed percentage of leverage LP per SSP to 35% from 60%. The above parameter change will apply to new positions in the enabled SSP and is a way to be conservative in order to allow seamless trading in the pools. As the TVL in the pools increase and trading activity increases, governance can decide if it would like to be more agressive with leverage LP positions at a later date. | Passed | Jan 23, 2025Ended | Msg Update Params |
| 18 | Update max voting powerThis proposal changes the maximum voting power parameter for a Governor to 8%. This parameter change is part of a community-driven effort to decentralize voting power. | Passed | Jan 18, 2025Ended | Msg Update Max Voting Power |
| 17 | Enable LevreageLP for ATOM, AKT, SAGA, TIA & XION poolsThis proposal will enable leverage LP for all SmartShielded pools. A fall-back mechanism will also be enabled which can process 5 positions per block, which is approximately 111315 positions per day (assuming 3.8s per block). It will settle interests for these positions and close them if unhealthy | Passed | Jan 16, 2025Ended | Msg Add Pool |
| 16 | v1.6 UpgradeThis proposal upgrades Elys Network to v1.6.0. This upgrade contains several enhancements and bug fixes, also incorporating the changes from testnet [v1.5.0](https://github.com/elys-network/elys/releases/tag/v1.5.0) into the [v1.6.0](https://github.com/elys-network/elys/releases/tag/v1.6.0) binary. The complete list improvements is available at https://github.com/elys-network/elys/releases | Passed | Jan 9, 2025Ended | Msg Software Upgrade |
| 15 | Enable pool rewards for XION and SAGAThis proposal adds the following rewards to the SAGA and XION liquidity pools: Standard base incentives with a multiplier of 1. The maximum base Apr is capped at 75%. The result will be that liquidity providers for these pools can earn up to 75% APR via EDEN rewards + additional USDC rewards which will be collected from fees in the pool | Passed | Jan 8, 2025Ended | Msg Toggle Pool Eden Rewards |
| 14 | Adding XION and SAGA tokens in AssetProfile and OracleThis proposal adds the following to the assetprofile, and updates the price oracle to include:
-Saga, Token Symbol SAGA. IBC Denom ibc/B88C39AD6C8550716DFD64C3AD28F355633554821249AC9F8BCC21341641CD18 , channel 9
-Xion, Token Symbol XION. IBC Denom ibc/6BFB09FE2464A7681645610F56BBEFF555A00B8AE146339FEB4609BF40FB0F4A , channel 8 | Passed | Jan 6, 2025Ended | Msg Add Entry |
| 13 | Update total blocks per year and vesting info number of blocks as per current block timeThe current values for total_blocks_per_year (6307200) and num_blocks (1555200) are based on 5s block time. Correcting this as per current approximate block time of 3.8s | Passed | Jan 4, 2025Ended | Msg Update Vesting Info |
| 12 | Reduce life time in blocks to 100k blocksThis proposal reduces the life time in blocks of the oracle module to 100k blocks. This is to reduce the risk of the oracle price data being expired and the price not being updated on time. | Passed | Dec 20, 2024Ended | Msg Update Params |
| 11 | v1.4.0Elys Network v1.4.0 released. Focuses on enhancements and codebase improvements. | Passed | Dec 19, 2024Ended | Msg Software Upgrade |
| 10 | v1.3.0Elys Network v1.3.0 chain upgrade | Passed | Dec 17, 2024Ended | Msg Software Upgrade |
| 9 | Update pool multipliersThis proposal aims to update the pool multipliers used for distributing rewards based on the proxy Total Value Locked (TVL) on Elys. The pool multipliers are a critical component in determining the allocation of rewards to liquidity providers | Passed | Dec 17, 2024Ended | Msg Update Pool Multipliers |
| 8 | Toggle pool rewardsThis proposal aims to enable pool rewards | Passed | Dec 17, 2024Ended | Msg Toggle Pool Eden Rewards |
| 7 | Create time based inflation for 1st yearThis proposal aims to establish inflation rates for distributing rewards for simple staking and LP staking in the Elys ecosystem for the first year. By setting these inflation values, we aim to incentivize participation and ensure adequate rewards | Passed | Dec 17, 2024Ended | Msg Create Time Based Inflation |
| 6 | Proposal to Set Claim Airdrop Height and Enable ClaimThis proposal aims to define the claim airdrop height and enable the claim functionality for eligible participants in the Elys ecosystem. Setting the airdrop height will allow participants to claim their allocated airdrops | Passed | Dec 17, 2024Ended | Msg Update Airdrop Params |
| 5 | Update Reward Denoms for cosmoshub-4 provider validatorsThis proposal enables sending uelys and uusdc (ibc denom) to validators on cosmoshub-4 for validating elys-1 chain | Passed | Dec 17, 2024Ended | Msg Update Params |
| 4 | Add Asset Info for ATOM, USDC, TIA and AKT into oracleAdding ibc denoms for ATOM, USDC, TIA and AKT into oracle | Passed | Dec 17, 2024Ended | Msg Create Asset Info |
| 3 | Update Asset Infos for ATOM, USDC, CELESTIA and AKTUpdate for ATOM, USDC, CELESTIA and AKT - their ibc denoms, channels, token symbol, display, etc. | Passed | Dec 17, 2024Ended | Msg Update Entry |
| 2 | Update Asset Infos for ATOM, USDC, CELESTIA and AKTUpdate for ATOM, USDC, CELESTIA and AKT - their ibc denoms, channels, token symbol, display, etc. | Rejected | Dec 19, 2024Ended | Msg Update Entry |
| 1 | v1.2.0Elys Network v1.2.0 chain upgrade (Note: We are skipping v1.1.0). | Passed | Dec 17, 2024Ended | Msg Software Upgrade |