Proposal: When Halving?
Summary We should get the next ICHI halving on the schedule.
Abstract The current farming rate for ICHI is 0.5 ICHI per block. After the next halving, it will be 0.25 ICHI per block. The timing of this halving is decided by Ichipowah and snapshot voting.
Motivation It is good to give plenty of advance notice on something as important as ICHI halving.
Specification The ICHI reward rates on ongoing pools (ICHI-ETH, oneBTC-wBTC, etc) will be approximately halved. The temporary reward rates on pools created in partnership with other projects will be unaffected.
Options: Schedule the halving in…
30 days 60 days 90 days 120 days 150 days
The token-weighted average of the votes will determine the actual halving date.
Off-Chain Vote
30 Days
108.84K 48.7%
60 Days
48.49K 21.7%
90 Days
39.03K 17.5%
120 Days
27.07K 12.1%
150 Days
25.75 0%
Timeline
Mar 09, 2021Proposal created
Mar 10, 2021Proposal vote started
Mar 12, 2021Proposal vote ended
Oct 26, 2023Proposal updated