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Kalmy.APPKalmy.APPby0x8b8dA69Ea24252a8B8a46014a3a6c34F998665660x8b8d…6566

An updated KALM bond + slight emissions reduction proposal.

Voting ended over 2 years agoSucceeded

As a constant effort to balance incentivizing products with competitive APYs and limit farm "freeriders", we currently propose following KALM daily emissions cuts.

*Note: This is a pre-transitional proposal focused on getting feedback for KALM single staking joining DeFi Wars.

NFT Wars: 450 (-15) -> 435

Reasoning: slight reduction within the general logic.

All LPs + Vaults: 950 (+50) -> 1000

Reasoning: rebalance from KALM single staking.

Single Stake BNB: 430 (-50) -> 380

Reasoning: preparation for joint emissions on KALM staking in DeFi Wars (same as CAKE single stake); if community feedback is positive, we will push the update with Beta release..

Lend BNB: 30 (-5) -> 25

Reasoning: leveled reductions to further move towards "real yield" (borrowing fees).

Borrow BNB (leveraged farms): 50 (-25) -> 25

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 quarter, recycle another 75% 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: removing BUSD pairs, replacing with USDT. Extending duration to 10 (smaller discount) and 20 (larger discount) days.

Reasoning: current numbers accommodate the needs well; increased length theoretically could attract more long term-oriented participants.

Total change for the emissions cuts round proposed: -40 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.

Off-Chain Vote

Yes
4.03M veKALM53.6%
No (NFT Wars)
2.29M veKALM30.5%
No (DeFi Wars)
0 veKALM0%
No (KALM Staking)
1.19M veKALM15.9%
No (Lending)
0 veKALM0%
No (Borrowing)
0 veKALM0%
No (Bonds 75% burn)
0 veKALM0%
No (2+ reasons)
0 veKALM0%
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Timeline

Sep 20, 2023Proposal created
Sep 20, 2023Proposal vote started
Oct 05, 2023Proposal vote ended
Oct 26, 2023Proposal updated