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GyroGyroby0xcB3Ab04692C95c2124E05b8FE381B67fE7a305180xcB3A…0518

Increase GYRO Staking Rewards

Voting ended about 4 years agoDefeated

Motivation

As more GYROs are staked, the current reward rate is not high enough to attract more ppl to keep staking their GYROs.

Actions

Increase the reward rate by 40 per rebase epoch until it reaches 2040, which will increase APY to be in the range of 5k% to 10k% in 48 hours.

Off-Chain Vote

For
82.77 9.5%
Against
789.04 90.5%
Abstain
0 0%
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Timeline

Jan 27, 2022Proposal created
Jan 27, 2022Proposal vote started
Jan 30, 2022Proposal vote ended
Oct 26, 2023Proposal updated