Dear ApolloX Users,ApolloX will start the voting round for its third core proposal. We welcome all users to join our official <a href="https://discord.com/channels/875290622553116702/875290622553116705" rel="noopener noreferrer nofollow">ApolloX Discord Forum</a> to engage in discussions and to cast your vote through <a href="https://snapshot.org/#/apolloxdao.eth" rel="noopener noreferrer nofollow">Snapshot</a>.Proposal details:Proposer: ApolloX DAO AdministratorQuorum vote requirement: 10% total power value of the platform, reaching 3.5 million votesVoting time: 7 daysVoting link:<a href="https://snapshot.org/#/apolloxdao.eth/proposal/0x1301d011170689e836d238bff7859775fcf8a5c617520ac0af09cd12697421cf" rel="noopener noreferrer nofollow">https://snapshot.org/#/apolloxdao.eth/proposal/0x1301d011170689e836d238bff7859775fcf8a5c617520ac0af09cd12697421cf</a>Proposal Details:Dear ApolloX users,Following suggestions from our community, ApolloX DAO will launch a function for users to unlock APX in advance. After the function goes live, users can unlock their APX at any time, but they will have to pay a penalty fee. The penalty fees collected will be transferred to the DAO reward pool address and distributed to users who have locked APX in DAO. The calculation formula is as follows:Penalty fee &#61; unlockAmount* max(minRatio%,min(maxRatio%,lock_duration_left /4 years* 100%))<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bf853d416a6847a7b252556fb233565e.png" />Users can vote on the following minRatio options:Option 1: minRatio &#61; 15%Option 2: minRatio &#61; 30%Note: Users cannot unlock only a portion of tokens from veNFT. Activating the unlock function will unlock all tokens.The following example will illustrate how the result will affect the penalty fees:User A has a lock-up period of 60 days. Lock-up amount is 10,000 APX. If the user chooses to unlock in advance after his APX has been locked for 30 days, the penalty fee that the user needs to pay will be:When minRatio &#61; 15%, user will need to pay a penalty fee:10,000*(15%,min(50%,30/1460*100%))&#61;1500 APXWhen minRatio &#61; 30%, user will need to pay a penalty fee:10,000*(30%,min(50%,30/1460*100%))&#61;3000 APXMore details about ApolloX DAO can be found in <a href="https://apollox-finance.gitbook.io/apollox-finance/apollox-dao/governance" rel="noopener noreferrer nofollow">Governance</a>.Thank you for your support!Risk Warning: Crypto futures trading carries a substantial risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of ApolloX.

【Proposal-03】DAO adds APX unlock function

APX

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