🌱 Acala Community Takes Charge: Two Key Proposals for aSEED Holders 🌟
Exciting developments are underway in the Acala ecosystem as the community rallies to shape its future with two impactful proposals. Here's what’s on the table:
1️⃣ Reopening aSEED Collateral Redemption
A proposal is live to enable the aSEED collateral redemption function, offering users greater freedom and control. This initiative ensures holders can redeem their aSEED when it makes the most sense for them, well before its value approaches $1. It's a move that empowers decision-making and aligns with Acala’s vision of a user-centric ecosystem.
2️⃣ Unfreezing All aSEED for Circulation
The second proposal focuses on unlocking all currently frozen aSEED tokens, significantly boosting liquidity and promoting fairness. By unlocking over 3.7 million aSEED across 28 accounts, the circulating supply could jump to 6.18 million, leveling the playing field for everyone involved.
These proposals showcase the vibrant engagement and collective spirit of the Acala community. They underline a commitment to transparency, equity, and growth—values that form the backbone of this ecosystem.
The power to decide lies with the community, and it’s moments like these that demonstrate the true strength of decentralized governance. Take the time to review, discuss, and cast your vote to shape the future of aSEED and the broader Acala network! 🚀
Dive into the details here:
🗳 Collateral Redemption Proposal - https://acala.subsquare.io/democracy/referenda/140
🗳 Circulation Unlock Proposal - https://acala.subsquare.io/democracy/referenda/141
