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Bag.winBag.winby0xb3Ab3a2f58a7d91Fe3Dcf9ABAd53C0dD1603B847ryandg.eth

Extend Current Gov Rewards 10 Weeks

Voting ended almost 5 years agoSucceeded

Background

From the whitepaper baseline allocation of 400 $DG/week, we’ve been operating at 800 $DG/week since 3/22 due to a prior passed governance proposal. Without a proposal passed to extend the higher rewards, we’d revert to 400 $DG/week after 4/26.

Proposal

Extend 800 $DG/week Governance reward for 10 more weeks (4/27 - 7/5). We continue to fund 400 $DG/week from the initial Governance allocation and 400 $DG/week from savings from reduced LP allocation.

Rationale

At this stage, to encourage staking and participation in governance, it still makes sense to support ~40% APY vs. the ~20% that 400 $DG/week would represent.

Off-Chain Vote

YES
36.41K 100%
NO
15.67 0%
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Timeline

Apr 20, 2021Proposal created
Apr 20, 2021Proposal vote started
Apr 26, 2021Proposal vote ended
Mar 03, 2025Proposal updated