Summary 📑

Reduce the total bonus emission rewards for smart vaults from 250,000 SPOOL to 50,000 SPOOL per month until another vote changes this metric again. Starting with the next upcoming emission cycle.

Proposal 📬

Spool is currently emitting 250,000 SPOOL to existing smart vaults. After seeing this model being used for the past 3 months, the bonus emissions for all eligible smart vaults shall be set to 50,000 SPOOL per month by this proposal. This decreased inflation would be one fifth of the bonus emissions compared to previous months.

Motivation 🔥

SPOOL emissions are given to Smart Vaults to incentivize creation and voting on emissions, to curate the best Smart Vaults created. Due to the current market environment, engagement in such activities is down. Emissions should scale with participants, so we are recommending reducing emissions until participation increases, after which we can migrate emissions to be revenue based, as initially intended.

Vote 🗳

With “Yes” you agree with bonus emissions are set to 50k SPOOL per month, with “No” you are against this and no bonus emissions will be given out to smart vaults.