Update INST Staking Allocation

Voting ended over 4 years agoSucceeded

Summary

This snapshot is to find community agreement with changes to the current G-UNI reward pool. A community on-chain vote IGP#4 extended the LM rewards for staking and allocated 1m INST for staking rewards. This vote is to define that allocation of the 1m INST rewards. This snapshot requires 1m votes to achieve quorum.

Description:

The following is the updated breakdown for the 1m Staking rewards:

Allocates 250k INST to Gelato Uniswap V3 INST/ETH LP 1 pool for liquidity mining rewards through January 15, 2022.
Allocate 250k INST to Uniswap v3 Staker contract for liquidity mining rewards through January 15, 2022.
Reserves 500k INST for upcoming Liquidity Mining Rewards with other AMMs, exchanges etc.
Liquidity mining rewards will end for Gelato Uniswap V3 INST/ETH Pool LP 2 on Sept 15, 2021

For more information please read the proposal here: https://gov.instadapp.io/t/amendments-to-liquidity-mining-extension-proposal/372

Off-Chain Vote

For - Update Staking Rewards

2.22M 89.9%

Against - No Change

250.09K 10.1%

Download mobile app to vote

Timeline

Sep 08, 2021Proposal created

Sep 08, 2021Proposal vote started

Sep 11, 2021Proposal vote ended

Oct 26, 2023Proposal updated