Unify Carbon into Demex: revised DMX issuance (supersedes Prop 384)
Carbon proposal #426: This proposal aims to supersede the proposal specified [here](https://commonwealth.im/carbon-protocol/discussion/25447-proposal-to-unif...
Yes
100%
No
0%
Abstain
0%
Veto
0%
Original Proposal Text
This proposal aims to supersede the proposal specified [here](https://commonwealth.im/carbon-protocol/discussion/25447-proposal-to-unify-carbon-into-demex-temperaturecheck) and ratified in [governance proposal 384 (the "Previous Proposal")](https://scan.dem.exchange/governance/proposal/384?net=main). Instead of minting the amount of DMX tokens specified in the Previous Proposal, Switcheo Labs has proposed to fund the Demex Points and nLend programs from our own treasury as set out in [this post](https://blog.dem.exchange/demex-points-dmx-conversion/) (the "Current Proposal"). Due to community feedback on the difference in expected total supply for the Demex Points program as compared to the Previous Proposal, we now propose to increase the total pool of DMX to be issued to 230m DMX (~10% of new total supply), and to also implement a vesting schedule of 10% of the reward per year, with the first 10% to be released on 2 July 2026. Switcheo Labs will fund the Demex Points and nLend programs with at least 100m DMX, and will have the option to mint additional supply as in the Previous Proposal, as long as all tokens are used solely for the programs specified in the Current Proposal, or new reward programs that have passed governance approval, with the additional condition that existing holders collectively retain at least 25% of total supply, with airdrops issued as needed to maintain this threshold. This paragraph constitutes the "New Proposal". If the result of this proposal is "YES", the New Proposal will be enacted starting on 2 July 2026. If the result of this proposal is "NO", or quorum is not achieved, the Previous Proposal will be enacted on a date no earlier than 2 July 2026.