As part of our ongoing commitment to transparency and community engagement, we are thrilled to announce that the community voting for the WAVE conversion rate is officially live! This is an exciting opportunity for all Bifrost token holders to have their voices heard in shaping the final conversion process.
Background on WAVE Conversion
Liquid Wave has successfully run for three rounds, and the conversion of WAVE has always been a key component of our project. We are now moving into the final stage: determining the WAVE-to-BNC conversion rate, which will be distributed as locked $bbBNC.
To facilitate this important decision, we have published a detailed discussion outlining all available options and the next steps. We encourage everyone to read through the materials and share your insights.
Proposed Conversion Options
We are currently considering three options for the WAVE conversion, each offering a different balance between the conversion rate and the lock duration:
Option A: Lower conversion rate with a shorter lock period
Option B: Mid-range conversion rate with a moderate lock duration
Option C: Higher conversion rate with a longer lock period
Each option has its own advantages and implications, and your input is crucial in making the best choice for our community.
How to Participate in the Voting
We invite you to join the discussion and express your preference for one of the options mentioned above. Here’s how the voting process will work:
Vote AYE on the referendum that represents your preferred conversion option.
Vote NAY on the other two options.
The option that receives the most AYE votes will be adopted as the final conversion rate and lock rule.
What’s Next?
Stay tuned for the launch of the three separate referendums, each corresponding to one of the proposed conversion options. This is a pivotal moment for our community, and we want to ensure that every voice is heard.
We encourage all Bifrost token holders to participate actively in this voting process. Your involvement is essential to shaping the future of our project and ensuring that it aligns with the values and preferences of our community.
For further information on how to vote based on your Bifrost token holdings, please refer to the tutorials provided.
Let’s make our voices count and work together to make the best decision for the future of WAVE!