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Kannagi FinanceKannagi Financeby0x9868cF824CC7Bff96a4611e114e728f58554Db520x9868…Db52

Proposal to Extend the Genesis Period of KANA by 30 Days

Voting ended over 2 years agoSucceeded

Kannagi Vault provides a high-yield and stable income source for every investor, and I believe every investor, including myself, is extremely grateful to the Kannagi team for this. However, through my research, I discovered that Kannagi only allocated a small portion of the KANA tokens to investors during the genesis period, with the majority of KANA tokens being gradually released to investors at a rate of 1/3 after genesis. I believe this is not favorable for the development of Kannagi.

I propose that the genesis period of KANA be extended by 30 days, and the additional 9 million KANA tokens after genesis be allocated to the extended genesis. Kannagi currently has tremendous potential and influence on zkSync, as evidenced by the growth rate of Kannagi's TVL. The zkSync ecosystem needs Kannagi's genesis, and Kannagi also needs a longer genesis to gain more influence and purchasing power. Therefore, I believe that the proposal for an additional 30-day genesis has significant positive implications.

Off-Chain Vote

Yes
16.7K veKANA96.1%
No
672 veKANA3.9%
Quorum:1737000%
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Timeline

Jul 09, 2023Proposal created
Jul 09, 2023Proposal vote started
Jul 11, 2023Proposal vote ended
Oct 26, 2023Proposal updated