Our community voted! ☂️🗳️ Recently we asked the community to vote on the future of the Umbrella Network rewards scheme. The results of the proposal were overwhelmingly in favour of both changes: i) Discontinue rUMB in favor of UMB staking rewards (82.19%) ii) 50MM Token burn (82.71%) See the results here: 👇 i) https://snapshot.org/#/umbnetwork.eth/proposal/0x045ab439bbdc22f2b04ca88080a0a4d1ccc1ccf3b2ea4f44a9c9c8c631550eb3 ii) https://snapshot.org/#/umbnetwork.eth/proposal/0x14a3078d5f373842bbd123921264aeeb144df60205d018e96038b6f4f91528b0 ⏭️ Next steps:👇 i) From March 2023, all staking rewards will be given in UMB. All rUMB2 will be redeemable 1-1 for UMB. ii) By end of February, 50MM UMB tokens will be burned. Read the proposal’s Medium article here 👇 https://medium.com/umbrella-network/umbrella-network-community-proposal-transition-away-from-rumb-rewards-and-burn-50mm-umb-tokens-aa11bc917758