IQIP-18 IQ Inflation Reduction Act

Background:

Along with the IQ token halvening and IQ v3 launching today, we propose further reducing IQ token inflation going towards the TWAMM. BrainDAO’s growth in stablecoin holdings along with higher-than-expected yields earned by the DAO through sFRAX in 2023, enables us to reduce the inflation concerning the TWAMM.

Overview:

We propose a reduction in the IQ allocation for TWAMM's position-building in stablecoins and blue-chip assets. This reduction would bring the daily allocation down from its current level of 2,166,667 IQ, following the halving, to 2,000,000 IQ per day. The halving model guarantees that IQ token inflation will halve each year, ensuring that the total supply of IQ remains below the 21 billion IQ token cap.

Vote Options

YES, vote to reduce IQ inflation

NO, Do Nothing