Governance Vote Seals the Deal
On July 25, a pivotal governance vote took place resulting in the approval of RGP-33, a noteworthy proposal advocating for the integration of Ribbon into Aevo. This almost unanimous decision illustrates the congruence between the stakeholder vision and the Aevo team’s direction.
Action Plan Post-Vote
Upon the voting results, a systematic course of action was chalked out:
- Rebranding Initiative: By August 25, the transformation of all Ribbon Finance’s communication avenues, both private and public, into Aevo will be finalized.
- Ribbonomics System: Come August 25, the Tokenomics mechanism associated with $RBN, termed “Ribbonomics”, will be phased out. This means staking rewards and revenue streams connected to $RBN will cease. Concurrently, the unlocking of veRBN will be made available sans penalties, setting the stage for the forthcoming 1:1 swap with $AEVO.
- Unified Platform Launch: September is slated for the rollout of a consolidated digital platform amalgamating the strengths of both Aevo and Ribbon. Moreover, the product suite will also witness a merger.
- Token Swap: Subsequent to the aforementioned integrations, users will be facilitated to exchange $RBN for $AEVO in a 1:1 ratio, free from any swap constraints or expiration dates.
Community Involvement in Crucial Facets
Post-merger, two pivotal areas will greatly benefit from the collective insights of the community:
- Governance System Revamp: Discussions surrounding the architecture of the new governance system will be initiated in the upcoming weeks. Aevo’s inherent complexity, when compared to Ribbon, warrants the establishment of a more intricate, well-defined, and rule-bound governance mechanism. The Aevo team is geared up to delve into ideation, taking into account both internal and community-based suggestions.
- Tokenomics Re-evaluation: Once the governance model is set, focus will shift to revamping the Tokenomics. Months of accumulated insights and feedback will inform this process. The overarching objective is clear-cut: Ensuring $AEVO not only aligns with stakeholder aspirations but also fosters platform growth.
By amalgamating Ribbon Finance with Aevo, the path is paved for a robust and holistic digital financial ecosystem, primed to serve its users with enhanced capabilities.
