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Open Custody Protocol (x Qredo)Open Custody Protocol (x Qredo)by0xe5e4dE6c6d95b82A4029053D73D44562B08b44460xe5e4…4446

QPIP-5 - Burn 160M QRDO / Incentivize Governance Participation

Voting ended about 2 years agoSucceeded

QPIP-5 consists of 2 parts:

  1. Supply decrease from 2nd billion tokens minted in 2023.

Reduce the supply by burning 160,000,000 QRDOs as follows:

  • 120,000,000 QRDO burn from Ecosystem Fund
  • 40,000,000 QRDO burn from Staking Fund
  1. Incentivize participation in Governance for QPIP-5 and QPIP-6 by distributing an airdrop of 1,000,000 QRDO from the Public Goods Fund.

Off-Chain Vote

Approve QPIP-5
24.55M QRDO84%
Reject QPIP-5
4.66M QRDO16%
Download mobile app to vote

Discussion

Open Custody Protocol (x Qredo)QPIP-5 - Burn 160M QRDO / Incentivize Governance Participation

Timeline

Feb 26, 2024Proposal created
Feb 27, 2024Proposal vote started
Mar 01, 2024Proposal vote ended
Mar 01, 2024Proposal updated