SafeStake's Latest Governance Vote Update
Dear SafeStakers,
As you know, we recently submitted a proposal to shift our revenue model from DVT to ETH. The main goal is to accumulate ETH to support DVT buybacks and strengthen liquidity pools, ultimately reinforcing DVT.
While the proposal did not pass, the team actively reviewed all feedback from voters and the community. We outlined three major reasons to propose the subject governance vote:
Liquidity Constraint: DVT currently lacks deep liquidity on exchanges, making it difficult to acquire and use as a fee token.
Price Misalignment: The current market price of DVT does not reflect the underlying growth or protocol adoption.
User Friction: Validators prefer ETH-based interactions; requiring DVT adds unnecessary complexity and onboarding cost.
The first issue is also essential to cause the second one. The team has been already acting as the sole liquidity provider working with Arrakis for a whole year after DVT is listed on DEX. The ROI is frustrating. And the team would prefer to reserve the limited working capital to maintain a small and elite team for development instead of injecting more liquidity into the DEX pool, because every staff and each family behind are more vivid than the curve of the token spot price.
If you voted against the proposal, we assume you have alternative suggestions to solve the issues above. Also, if you’re considering providing liquidity but are currently holding back whether due to reward concerns or other factors, please let us know your thoughts. The team is open to lending DVT to the liquidity providers with rewards. However, if there’s still no interested parties who are willing to provide liquidity within one month period, the only choice for the team is to submit the current governance proposal again for a second vote.
Submit your feedback here: https://forms.gle/3VnQa8EyYRCSY4Qc9
In the meantime, we are excited to kick off the new mainnet incentive program as below:
To further accelerate adoption and reward early participation, we’re excited to introduce a powerful upgrade to our incentive structure.
For a limited time, each validator (VA) onboarded to the SafeStake mainnet will be eligible to receive monthly rewards equal to 200 DVT per VA per month, for six consecutive months. And we will compensate all the subscription fee for the previous onboarding VA.
Program Highlights:
Duration: 6-month reward period starting from 1st June, 2025.
Incentive: 200 DVT per VA per month
Eligibility: All new validators onboarded during the campaign period
Payouts: Distributed monthly, directly to the validator’s specified address
This means that not only will validators experience the power and resilience of SafeStake’s DVT infrastructure — they’ll also earn more than they pay.
Take control. Earn more. Strengthen Ethereum !