The voting is now closed. Proposal 2 has the most votes. We will respect the decision of the community, although it may not be the same as ours. Please note that the reward for USE/DAI lp staking is stopped. We need about 1 week to implement and test the changes.
The voting will start at 2AM, on May 27th, 2021. A snapshot of ELENA holders’ wallet will be taken at the beginning of the voting. Buying extra ELENA AFTER the voting starts will not be snapshoted, thus not able to vote.
Please note that only ELENA holders are allowed to vote, as ELENA is the governance token of this project. To vote, please make sure you have ELENA in your wallet before the starting of the vote. If ELENA is staked in Governance, please withdraw it to your wallet.
The snapshot for ELENA voting is on, you can find the page at this link https://t.co/r7ITEBQGJB. Snapshot allows anyone to submit proposal without checking if he/she is a stakeholder in the project, which could potentially leads to a lot of spam proposals,
we would like to make sure everyone submitting proposals are real stakeholders of ELENA. To submit an proposal, please send me a PM, with your wallet address, and what you are proposing to do, this act is to ensure you have USE or/and ELENA in your wallet.
We will increase the liquidity pool of ELENA/USE through more proactive measures and reduce slippage to provide a better trading experience which will encourage more people to participate in USE/DAI liquidity mining. This is the first step to approach and fix at the $1 peg.
Within a very short period of time, the USE/DAI pool lost 80% of its liquidity. In any case, guaranteeing liquidity mining rewards is the top priority.
We are experiencing a heavy dump for unknown reason. It started with a whale dumping over 4,000 ELENA to the market, which crashed the price of ELENA, following that, creating a panic sell, and unstaking LP.
We were not under attack by any means, but we do not know the intention of such act. We have been working on this issue in the past 6 hours. We encourage the whole community to HODL. We will go through this together.
You have another week to submit your meme before the competition ends. The competition will end at 12PM UTC, May 17.
We will pick the top 10 winners. Good Luck!
ELENA MEME COMPETITION
Calling all memers, are you ready to put your talents to the test?
To join the competition, you need to post your meme and @elenaprotocol $ELENA #elenameme
The Elena team will pick the top 10 winners and airdrop valuable $ELENA to you!!!