Flamingo Improvement Proposal #2 aims to improve asset interoperability and general usability of the platform. The second FIP outlines a major architectural upgrade that will restore the value pegging between cross-chain assets and original collateral assets, and future-proof other potential asset flow design changes.
The vote on FIP #2 began Feb. 1 and will conclude at block 6,886,501, expected to mint on Feb. 8. A quorum of approximately 3.2% of circulating FLM must be used for the vote to reach a decision.
Users with staked FLM will need to unstake their tokens to vote. Flamingo released an FAQ to answer broad questions such as how to vote, passing a proposal, how votes are counted, and more.
At the time of press, roughly 1.06% of the FLM supply has been put to the vote, with the majority voting in favor.
The full Flamingo AMA announcement can be found at the link below:https://twitter.com/FlamingoFinance/status/1356543355014901761?s=20