Greetings again everyone! Can you believe it has already been three months and it is time to close the window for the inaugural round of LBI proposals?
In this first window we were presented with one proposal. I was presented to us by 
Please remember this first round of voting is a popular vote to determine if the proposal(s) will be passed along for a governance vote.
As always, votes will be calculated based on the predetermined weights listed below:
| Tier | LBI Held | Vote Value |
|---|---|---|
| 1 | 10-99 | LBIs will earn a vote equal to 1 |
| 2 | 100-499 | LBIs will earn a vote equal to 2 |
| 3 | 500-2,499 | LBIs will earn a vote equal to 3 |
| 4 | 2,500-9,999 | LBIs will earn a vote equal to 4 |
| 5 | 10,000+ | LBIs will earn a vote equal to 5 |
On May 21st the voting window will close and on May 23rd the results of the popular vote will be announced. After that point if the popular vote is positive, it will be passed along for a governance vote.
Due to there only being one proposal in this window, the vote process needed to be modified to prevent unsupported proposals from being passed with only one vote. The Gov team feels the two week window for the popular vote as well as a second vote if necessary should give all stakeholders the time they need to gather information on the proposal and make the decision they feel is best.
Please comment on this post with your vote:
YES
Will mean I do support the proposal as presented by
NO
Will mean I do not support the proposal as presented by
Reminder, the popular vote ends May 21st. Results will be announced on May 23rd.
Please be sure to read the proposal fully (including the comments) to educate yourself fully before you vote. Feel free to join the LBI Discord server and discuss the proposal with others in the next two weeks before casting your vote.