📣 Announcement to the Paribus Governance Community (Stake Vote & Earn)

Greetings Pariabians,
We’re thrilled to kick off a new chapter on our decentralized journey, and we want you, our valued community members, to be at the forefront. Introducing our PBX Staking Campaign, designed to incentivize your active participation in the upcoming governance elections!

Objectives of the Campaign:

• Community Empowerment: Strengthen the voice of every Paribus community member through active governance participation.

• Long-Term Commitment: Encourage longer staking periods for increased VePBX rewards and a more significant impact on the protocol’s evolution.

• Sustainability: Foster a sustainable governance model where committed community members play a pivotal role in shaping Paribus’s future.

Campaign Details:

• Duration: From January 15th to March 15th (exact times will be communicated).

  • 30M PBX Reserved for Active Stakers

• Snapshot Inclusion: Only those who commit their PBX within this timeframe will be included in the governance snapshot.

VePBX Mechanism Simplified:

VePBX, our innovative mechanism, rewards your commitment to Paribus.
Here’s how it works:

• 104 Weeks Staking (Coefficient: 1): Your full staked PBX amount directly contributes to the number of votes.

• 52 Weeks Staking (Coefficient: 0.45): Stake for a year, and 45% of your PBX amount adds to your voting power.

• 26 Weeks Staking (Coefficient: 0.21): A 26-week commitment grants you 21% of your PBX in votes.

• 13 Weeks Staking (Coefficient: 0.1): For shorter-term stakers, 10% of your PBX counts towards your voting power.

Campaign Details:

• Duration: From January 15th to March 15th (exact times will be communicated).

• Snapshot Inclusion: Only those who commit their PBX within this timeframe will be included in the governance snapshot.

Stake here: Governance.Paribus.io
Your active participation is crucial in shaping Paribus’s future. Let’s embark on this governance adventure together!

Stay tuned for more details and exciting updates. Your voice matters. :globe_with_meridians::sparkles:

Best,

The Paribus Team :rocket: #ParibusDAO #DeFi #GovernanceCampaign

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