As a constant effort to balance incentivizing products with competitive APYs and limit farm "freeriders", we currently propose following KALM daily emissions cuts.
NFT Wars: 475 (-25) -> 450
Reasoning: slight reduction within the general logic.
All LPs: 1150 (-200) -> 950
Reasoning: moderate reduction to incentivize "smarter" voting on auto-compound vaults.
Single Stake BNB/FTM/AVAX: 240/240/240 (-10/-50/-50) -> 230/190/190
Reasoning: BNB – slight reduction within the general logic; FTM and AVAX – moderate reduction to reflect less DAU on those chains.
Lend BNB: 35 (-5) -> 30 Lend BUSD 75 (*when resumed -25) -> 50; currently on pause with 0
Reasoning: leveled reductions to further move towards "real yield" (borrowing fees).
Borrow BNB (leveraged farms): 100 (-50) -> 50 Borrow BUSD 100 (*when resumed -50) -> 50; currently 0
Reasoning: moderate reductions to further incentivize farmed assets shorting vs KALM farming.
*Note: both leveraged yield farming sections are eventually to be switched to vote based rewards like in current LP Wars.
Unsold bonds: burn half, recycle another half to treasury for future rewards.
Reasoning: to slow down the long time mining reserves burn while keeping the same numbers of bonds to purchase available.
General bonds: keeping the same numbers and removing FTM bonds.
Reasoning: current numbers accommodate the needs well; FTM bonds were not purchased within several weeks.
Total change for the emissions cuts round proposed: -465 kalm/day.
The vote is passed if "Yes" gets 50.1%+ of the votes. An adjusted vote to follow up based on the distribution of "No" responses.