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C3 AppC3 Appby0x9150713290CA9A33c884ac6880F13fC26Bb6a4a10x9150…a4a1

C3IP3 - Revise the C3 token emission

Voting ended over 2 years agoSucceeded

Summary: Revise the C3 token emission schedule to extend the protocol’s adoption timeline.

Motivation: Shortly after the launch of C3 in March 2022, all major carbon credit registries established moratoria on one-way bridging, rendering C3’s initial one-way bridge product inoperable and dramatically slowing adoption of digital carbon. The original token emission schedule had C3 reaching max supply in four years. However, given that it has now been almost a year since tokenization was halted and there is still no indication of major registries supporting any form of tokenization in the immediate future, the C3 community should consider adjusting the emissions schedule of C3.

Proposal: Until tokenization is supported by mainstream registries, this proposal will substantially reduce the issuance of rewards.by extending the C3 emission schedule till 2030.

A detailed view of the New Emission at this link: https://docs.google.com/spreadsheets/d/1kEelR1R8dYE7bB-_yaWW0Mv2JcJdfnyBdcvWRiyQjhE/edit#gid=0

Off-Chain Vote

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248.31M C399.5%
Against
0 C30%
Abstain
1.26M C30.5%
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Discussion

C3 AppC3IP3 - Revise the C3 token emission

Timeline

Jun 27, 2023Proposal created
Jun 27, 2023Proposal vote started
Jul 04, 2023Proposal vote ended
Oct 26, 2023Proposal updated