New JuiceBox DAO Update Brings Multi-Chain Support and Revenue Sharing
A governance proposal to deploy version 4 of the Juicebox protocol has gained unanimous support from voting members, with 38.7m votes in favor and zero opposition. The proposal, known as JBP-523, will conclude its voting period on February 15, 2025, at 3:00 AM.
The voting statistics show strong community alignment, with 100% of cast votes supporting the deployment. The proposal has reached a quorum of 48.3%, validating the voting process. Currently, 17 votes have been cast with 18 hours remaining in the voting period.
The deployment package includes multiple technical components hosted on GitHub under the Bananapus organization. These components range from core functionality to specialized features like buyback hooks, swap terminals, and project deployment tools. Additional integrations include revnet-core from the rev repository and croptop-core from the mejango organization.
The technical implementation encompasses three external protocol deployments: $REV, $REN, and $BAN. While these will be part of the ecosystem, they will operate under different rules than the primary $NANA token system.
The proposal specifies clear token economics for the $NANA system, with 1,000 tokens issued per ETH and a 38% distribution rate every 360 days. A cash out tax rate of 0.1 has been established to manage token liquidity and access to revenues.
The deployment timeline is set to begin immediately after the successful conclusion of the vote, as stated in the proposal documentation. The development team has spent the past year refining the code through multiple audits and improvements, leading to this final deployment proposal.
