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BLOCKZERO LABS


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PROPOSALS


New proposal

0x88Ca...5ef4
Core

Closed


AMENDMENT PROPOSAL FOR XIO BURN CONTRACT END DATE

This proposal seeks to amend the XIO Burn Contract's "end date" value that was
previously proposed. After the end date, no more XIO can be redeemed, all
remaining EPOCH will be burned, all remaining FLASH will be sent to Flashstake
Treasury. The proposal being amended, that passed on October 24th, can be found
here:
https://snapshot.org/#/blockzerolabs.eth/proposal/0x35ab5dc33b1c1a4be2d1ce738d471f89dd713c6526426ea21a2ae7afa7d121d2
Feedback from Epoch Elders (Gigabrains) have made it known that the end date for
the XIO Burn contract would be better for the EPOCH economics if it were either
closer to or exactly matched the anticipated end date of the Epoch Airdrop (Feb
13th 2024). This could provide more certainty to both EPOCH and FLASH
ecosystems. This proposal uses Ranked Choice Voting. Please choose the option
you prefer the most as your 1st selection, then choose your 2nd most preferred
result, and so on, until all choices have been selected. The question you are
answering is: "What should the end date be for the XIO Burn Contract"? The
choices have been designed for: • Feb 15th 2024 = Close to the same date as the
Epoch Airdrop end date, or approximately 3 months from now. • May 15th 2024 =
Approximately 6 months from now. • Aug 15th 2024 = Approximately 9 months from
now. • Dec 31st 2024 = Unchanged. A little over 1 year from now.

Feb 15th, 2024 8.5M XIO
99.55%




Ended 6 months ago

0x40AA...72B0
Core

Closed


PROPOSAL FOR BLOCKZERO LABS TO BE ACQUIRED BY MOAI LABS AND ALLOW XIO TOKEN BURN
TO REDEEM FLASH AND EPOCH TOKENS?

EPOCH / FLASH • Blockzero Treasury’s EPOCH and FLASH tokens will be sent to a
new “XIO Burn contract” developed by Moai Labs that will allow the burning of
XIO to withdraw 16mil EPOCH and 22mil FLASH at a proportional rate. USDC •
Blockzero Treasury’s ~$19k USDC will be sent to Moai Labs for development and
ongoing expenses. XIO • Blockzero Treasury’s unallocated 17mil XIO will be
burned. 10mil is allocated towards pending Core vesting and Avalanche XIO.
Avalanche XIO not used for reimbursements will also be burned. CRYPTONAUTS •
Blockzero Treasury’s owned Cryptonaut NFTs will be burned and their vault’s XIO
will be burned. • All other Cryptonaut NFT holders can optionally choose to burn
their NFTs to redeem all underlying XIO in their vault, to use that XIO to
participate in the XIO Burn contract. • To burn NFTs, go here:
https://zero-gravity.blockzerolabs.io/ or use the withdrawAll function here:
https://etherscan.io/address/0x6d9d87fd57fb8ae3bf005e564a950124fc83dd1a#writeContract#F3
XIO Burn Contract details: • This contract will be developed by Moai Labs. •
This contract will have a cut off date of Dec 31st 2024, after which date XIO
will no longer be burnable. After the cut off date: all remaining EPOCH will be
burned and FLASH will be sent to the Flashstake Treasury. • The XIO circulating
supply will be manually calculated and applied to the contract, hard setting the
ratio. The circulating supply is anticipated to be calculated as follows: 100mil
- [XIO at burn address] - [XIO associated with burned Cryptonauts vaults] -
[Dropzero unclaimable XIO] • The ratio set for total EPOCH and FLASH received
when burning XIO will be based on the above XIO circulating supply calculation
relative to the amount of EPOCH and FLASH deposited into the contract. This
ratio will remain constant. In doing all of the above, Moai Labs will acquire
all accounts and assets from Blockzero Labs. All numbers provided in this
proposal are ballpark estimates that could be more or less than final
calculations. Final exact calculations will be completed by Moai Labs prior to
executing the outcomes of this proposal. This proposal gives full ownership,
control, and decision making power to Moai Labs to handle distributions and
allocations of all tokens transferred to Moai Labs from the Blockzero Treasury.

For 6.3M XIO
99.69%

Against 19K XIO
0.31%

Abstain 0 XIO
0%

Ended 7 months ago

steve.eth
Core

Closed


SHOULD WE PAUSE THE XLP PROGRAM?

You can review how many XIO tokens that XLP program has historical paid and is
projected to pay at this url: https://bz.to/report-xlp/ • 12.8mil XIO tokens
remain for XLP incentives as of Feb 2023. • The next halvening is projected to
be in September 2024, at which point ~10mil XIO tokens will remain in the budget
for the XLP program. • Using the above examples, that means another ~2.8mil XIO
tokens paid over the next 18 months, to help give context of the current rate of
inflation. We need to decide if continuing to pay these XIO tokens at this time
is the most efficient use of the token, given that it is creating additional
inflation. Blockzero’s model has been to create many different experimental
projects, so that when we create one that is successful we can go all in, as we
are currently doing with Flashstake. To give Blockzero more tokens to work with
in the future, to concentrate more liquidity in times of higher activity, and
more ability to create more experimental projects in the future, this proposal’s
purpose is to put to a vote: Should we pause the XLP program? One day we can
vote to restart this program or a program like it, when it would be more
beneficial to do so. Choices given for the vote: • March 1st: Stopping as of
March 1st means all February LP activity would be rewarded on March 20th as the
final distribution date • April 1st: Stopping as of April 1st means all February
and March LP activity would be rewarded, with April 20th as the final
distribution date • May 1st: Stopping as of May 1st means all February, March,
and April LP activity would be rewarded, with May 20th as the final distribution
date • No: means the XLP program will continue on as it has been with no changes
or end date. As a reminder, the existing XLP rules are that if you remove any
liquidity before the end of any month, you will forfeit all rewards earned so
far for that month. Any liquidity for XIO/ETH on UniswapV2 will continue to earn
LP fees, with or without the XLP program. More data on the XIO/ETH pair can be
found at:
https://v2.info.uniswap.org/pair/0xe0cc5afc0ff2c76183416fb8d1a29f6799fb2cdf

Yes: as of March 1st 2023 7.4M XIO
68.11%




Ended 1 year ago

steve.eth
Core

Closed


FLASHBACK BUDGET DISTRIBUTION PROPOSAL

Overview The recently approved tokenomics proposal amendment
(https://snapshot.org/#/blockzerolabs.eth/proposal/0x79fdf6b5712d38c9fef5adb79ab9f3c25688e238085c97e1f0f2d3aaa719adaa)
caused a change in absolute and percentage allocations of the token
distribution. Consequently, the token budget for Flashback staking is smaller
than the community airdrop allocation. For this reason, the originally proposed
maximum Flashback staking APY of 100% can not be guaranteed for 100% of the
community airdrop. Instead, an alternative allocation of the fixed Flashback
budget of 18,504,723 FLASH tokens is required. Problem The original proposal
allocated 23,244,575 FLASH to both the community airdrop and Flashback staking
which would have allowed a maximum APY of 100% and gave every community member
the option to participate in Flashback staking. The primary purpose of Flashback
staking is to reward community members for ongoing support of the project. The
amendment has resulted in the community airdrop increasing to 27,984,427 FLASH
and the Flashback staking allocation to reduce to 18,504,723 FLASH. This means
we can no longer offer both 1) an APY of 100% for the Flashback staking and 2)
guarantee 100% of the community airdrop to be able to participate in the
Flashback staking. Solution To adjust for the new supply distribution, the
Flashback budget must be changed accordingly. There are two solutions that cover
one of the two features of the original proposal (full community airdrop
coverage or 100% APY). A third solution is presented as a possible middle ground
if the community desires a more balanced approach to the Flashback staking
distribution. Solution 1: Reduce the maximum Flashback APY to 66.13% but keep
100% community airdrop coverage. This means that theoretically every community
member can stake their airdrop for a maximum reward of 66.13% additional FLASH
tokens. Solution 2: Keep the maximum Flashback APY at 100% but reduce community
airdrop coverage to 66.13%. This means that 100% APY staking rewards for
Flashbacks are still available but on a first come, first served basis until the
budget is depleted. Solution 3: Reduce the maximum Flashback APY to 80% and
reduce community airdrop coverage to 82.66%. This is a middle ground of the two
extreme options to balance the availability and attractivity of Flashback
staking.

66.13% APY, 100% comm coverage 400K XIO
7.56%

100% APY, 66.13% comm coverage 4.9M XIO
92.44%

80% APY, 82.66% comm coverage 0 XIO
0%

Ended 2 years ago

0x71ca...8a50
Core

Closed


FLASHSTAKE AMENDED TOKENOMIC PROPOSAL

This proposal can be found in depth at:
https://docs.google.com/document/d/1NpDN3_gVParsOJVR8gYNyjILmLDrxFReZQfmyZxh6EY/edit#
The original proposal + amendment by DefiChad can be found here:
https://docs.google.com/document/d/1IEdhdcb91XxBA2Hm8daUuHyXPJH0_2Gcr3oSY0epywM/edit?usp=sharing
TLDR: The amended tokenomic proposal put forth by the team last week to correct
for the error in Flash v1 and v2 holder counts did not pass. As such, we as a
team came together to search for a compromise that keeps with the spirit of the
initial proposal that did pass, but also accounts for the increased number of
tokens addresses that would have a claim on the community airdrop portion of the
budget. Specifically, we had an approved community supply of 23,244,575 which
should have been 27,984,426.7284. One final point before we move forward, we
heard a good number of people voice the opinion of wanting options to weigh
their vote against. We agreed with providing additional choices, and will be
structuring this proposal in such a way where you will pick what you believe is
the “best” choice for the protocol. You may also vote for neither option or
abstain.

Decrease Flashback Budget 4.2M XIO
61.27%



Ended 2 years ago

steve.eth
Core

Closed


SHOULD THE FLASHSTAKE PROTOCOL MOVE FORWARD WITH THE ADJUSTED SUPPLY OF 180M
INSTEAD OF 150M?

The previous passed proposal can be found here:
https://vote.blockzerolabs.io/#/proposal/0xf543385b00dae02775e16e5a9069d14a73620f3c643549f152d77775cec169b3
This proposal is an amendment to the previous proposal. Note that nothing
proportional wise is changing to what was previously proposed. Unfortunately,
after triple checking the numbers, we found an error in the community airdrop
eligibility calculation, which will require a new proposal to correct. The real
number of tokens for the community is 27,984,426 instead of 23,244,575. The
reason for this confusion was a mismatch in snapshot time from different data
sources and previous lack of consideration of V1 holders. The original proposal
has passed without noteworthy counter votes and with overwhelming support which
is a signal that the community agrees with the essence of the original proposal.
Therefore, this updated proposal contains largely the same percentage
allocations to the different budgeting purposes. However, that means that the
total supply needs to increase to 180m tokens instead of 150m tokens to account
for the larger airdrop. Nothing will change substantially and everyone will
receive the number of tokens that they expect. However, because the absolute
number of tokens need to be adjusted, this formal agreement through another vote
is required. The differences in amounts and percentages between the previous
proposal (150m) and this proposal (180m) can be found here:
https://docs.google.com/spreadsheets/d/1nUt_giWFlWRkhuT-zFWO_nX03AM7Iw7F7uQtX6xpxlQ/edit?usp=sharing
We apologize for the confusion and thank everyone for the continued support!

Yes 4.6M XIO
42.43%

No 6.3M XIO
57.57%

I Abstain 0 XIO
0%

Ended 2 years ago