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Defrost FinanceDefrost Financeby0xB18De9512ac891B926C6B5D6838433ac5e52818b0xB18D…818b

[Defrost #07] — Adjusting the MELT emission schedule in the mining pool

Voting ended over 3 years agoSucceeded

Proposal Type: MELT emission

Proposer: Defrost Team

Proposal: This is a proposal on whether to vote to adjust the MELT emission schedule for the mining pool

As anticipated in the current MELT Emission Schedule (https://docs.defrost.finance/tokenomics/melt-emission-schedule), The MELT emission for mining/staking will be decreased at a 15% rate every 3 months.

However, under the current market circumstances, some of our community members think that cutting the MELT mining incentives quarterly is no longer beneficial for Defrost Finance’s liquidity and TVL.

The current basic MELT emission is:

DefrostH2O3CRV boosting pool, 39,950 MELT/day MELT/AVAX boosting pool, 2,550 MELT/day H2O/AVAX boosting pool, 850 MELT/day MELT staking, 85.89% APY in MELT

This is a proposal to decide whether to adjust the MELT emission schedule in the mining pool.

Options:

  1. Stick to the original emission plan and decrease the MELT emission by 15%.
  2. Keep the emission unchanged until a vote takes place when the market sentiment changes.

Off-Chain Vote

Option 1
918.83K MELT77.7%
Option 2
263.61K MELT22.3%
Download mobile app to vote

Timeline

May 17, 2022Proposal created
May 17, 2022Proposal vote started
May 20, 2022Proposal vote ended
Oct 26, 2023Proposal updated