[GNS]: One Month Redirection of Single Sided Staking (SSS) Rewards to GNS Burns

Voting ended about 1 year agoSucceeded

Summary This proposal suggests to redirect 90% of the Single Sided Staking (SSS) rewards to $GNS burns for one month, leveraging the current $GNS price to maximize the burn’s impact.

After this one month period, Gains Network will return to the current distribution so the community and team can assess the impact and consider the next steps forward.

Refer to the Forum post below for more details:

Off-Chain Vote

For

9.06M GNS97.1%

Against

271.99K GNS2.9%

Quorum:933362432%

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Discussion

[GNS]: One Month Redirection of Single Sided Staking (SSS) Rewards to GNS Burns

Timeline

Nov 06, 2024Proposal created

Nov 06, 2024Proposal vote started

Nov 11, 2024Proposal vote ended

Nov 11, 2024Proposal updated