Proposal

Our previous estimation of BASK supply did not consider paying out the vested rewards (~14K BASK), as such The Treasury does not have enough BASK at 80K supply.

Hence we're proposing a supplementary proposal to set the BASK supply to 100K, allowing The Treasury to pay out its promised vesting rewards and adds additional budgeting to set up marketing collaboration incentives.

If this proposal does not pass, we will be unable to complete the objectives of the main proposal and hence cannot proceed.

Adjusted Timeline

If this proposal passes:

July 6th, UTC+2

• Treasury mints BASK to 100K
• New double-dipping pools created for BDI-ETH, BASK-ETH, allowing 48hrs of pre-staking before emissions begin
• Emissions stop for old pools: BDI single-stake, BDI-ETH, BASK-ETH; Incentivising you to migrate to new pools so you do not miss out on new rewards
• Final xBASK profit distribution until revenue-share is turned back on

July 8th, UTC+2

• Double-dipping pools begin emission, allocations changed from 300, 300 to 200, 400 for BDI-ETH, BASK-ETH

Final thoughts

We failed to consider all necessary implications of the previous proposal, that's on us.

That said, this has allowed us to thoroughly examine the impacts and make minor tweaks such as changing reward allocations to favour BASK-ETH, which we believe is better aligned with the objective of this new direction.

Conditions to pass

Total votes exceed 10,000 BASKV Yes votes exceed 60% of total votes