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The Vega Protocol off-chain proposal vote did not pass and has been resubmitted.

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#DeFi
$VEGA
TechFlow
468Words
Sep 6, 2024

News from TechFlow of DeepPool, $Vega Protocol announced that the proposal for retiring the $Vega chain has concluded its voting but did not take effect.

Although the majority of voters supported the proposal, the final valid votes did not reach the required participation threshold due to a significant number of voters unstaking $VEGA tokens before the end of the voting period. As a protective measure, $Vega Protocol requires voters' tokens to remain staked at the end of the voting period for their votes to be counted. Given the on-chain voting and the majority of token holders supporting the proposal, $Vega Protocol has resubmitted the proposal. The new voting deadline is 17:00 on September 10th (Tuesday) Beijing time. $Vega Protocol reminds users to keep their tokens staked until the deadline to ensure their votes are valid.

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