# Funding proposal THX DAO -\> THX Network BV: Q1 2024

**URL:** <https://gov.thx.network/t/funding-proposal-thx-dao-thx-network-bv-q1-2024/68>\
**Category:** Community Treasury\
**Tags:** governance\
**Created:** [November 10, 2023, 10:31am UTC](https://gov.thx.network/t/funding-proposal-thx-dao-thx-network-bv-q1-2024/68 "2023-11-10T10:31:42Z")\
**Posts on this page:** 1\
**Showing post:** 8

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**Author:** ![mieszko](https://dub1.discourse-cdn.com/flex005/user_avatar/gov.thx.network/mieszko/32/26_2.png) [@mieszko](https://gov.thx.network/u/mieszko)\
**Post date:** [January 25, 2024, 3:13pm UTC](https://gov.thx.network/t/funding-proposal-thx-dao-thx-network-bv-q1-2024/68/8 "2024-01-25T15:13:16Z")

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An update on the timing of the next vote. Long story short; we decided to wait for deploying staking and the new governance token staked $THX, called veTHX (ve standing for ‘vote escrow’).

Why? Voting for people providing liquidity is complicated. There is no up to date Balancer vote strategy supporting that. It would require us to do one-off work, which is not an effective use of resources.

The alternative and full timeline now looks as follows;

**Done**

- 9th January - renewed [8020 pool active on Balancer](https://twitter.com/THXprotocol/status/1743940668299313469)
- 10th of January - [Protofire.io demo’d the ve8020.xyz launchpad](https://twitter.com/THXprotocol/status/1745395673741103449)
- 19th of January - [Protofire.io](http://protofire.io/) adds latest updates to the launchpad, including $BAL reward distribution

**To-Do**

- next few days - determine max lock duration ([give your input in the poll](https://twitter.com/THXprotocol/status/1750481264535105998))
- last week of January - launchpad deployment on Polygon mainnet by [Protofire.io](http://protofire.io/)
- first part of February - soft launch of our staking platform
- middle of February - first vote using the veTHX token ([see funding proposal Q1 2024](https://gov.thx.network/t/funding-proposal-thx-dao-thx-network-bv-q1-2024/68/7))

More details here; [Stacking Feedback Part 2 - Product - Governance Forum THX Network](https://gov.thx.network/t/stacking-feedback-part-2/71)

cc [@governance-council](https://gov.thx.network/groups/governance-council) [@early-gov](https://gov.thx.network/groups/early-gov)

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_[View the full topic](https://gov.thx.network/t/funding-proposal-thx-dao-thx-network-bv-q1-2024/68)._