KIP-86: Exclude PNK Held by the Kleros Cooperative from KIP-66

Voting ended 13 days agoSucceeded

KIP-86: Exclude PNK Held by the Kleros Cooperative from KIP-66

Date: 2026-02-05
Author: Kleros Cooperative

Context

Since its inception, the Kleros Cooperative has maintained strict neutrality in case resolutions and has never staked any PNK in the Kleros Court.
The purpose of this policy is to prevent the largest stakeholder in the Kleros Protocol, the Cooperative itself, from having any influence over disputes and cases resolved in the Court.

Currently, all PNK tokens held by the Cooperative are included in the Total Supply figure used for the Juror Incentive Program calculations in KIP-66.

However, because these tokens will never be staked by the Cooperative, including them distorts the real staking participation rate and the incentives distributed to active jurors.

Proposal Details

This proposal amends KIP-66 (Long-Term Juror Incentive Program).

The current formula for s(i) — the percentage of total PNK staked in month i — is calculated using the full Total Supply of PNK.

This change excludes all PNK held directly or indirectly (via smart contracts) by the Kleros Cooperative from the Total Supply used in the s(i) calculation.

This includes PNK held in Cooperative Safe multi sigs and EOAs or control via smart contracts in DeFI Protocols from these addresses, here is an exhaustive list of all the Cooperative 14 adresses: 0x86ead908fb5d6f900ff109c9e26f79300f99271a (~104M PNK main address at the time of writing) 0xe979438b331b28d3246f8444b74cab0f874b40e8 0xb2a33ae0e07fd2ca8dbde9545f6ce0b3234dc4e8 0x5112d584a1c72fc250176b57aeba5ffbbb287d8f 0xdc657fac185d00cdfa34a8378bb87d586bf998f7 0xf636be494da13013f4506b1f5600089f2b4a1c6e 0x67a57535b11445506a9e340662cd0c9755e5b1b4 0x0ea9ddf020ce3bc13d508e7294fd8aca1cbae877 0x879041adce0debb392c6334c1462b06e908057cd 0xc80890ec72acb291bde13c448c54582e0bf3b688 0x14560fdefdde97b36a5102a846f8b846c368f7d5 0xc6b59d5e6c38de657f31d6254359f8739da2c07e 0xf1468dbe2d6155aaf52f57879a1f3b307243e4a7 0x718c76d04992a9f026260e8436cc565a9c1b6a8a

One expl of PNK controlled via smart contract is the main Uniswap liquidity pool UniV4 from the main Coop address 0xbb78d828ded564d7dfcf041eb1316200e4ec5380dc601c7b4872c0a2727a580e (~68M PNK at the time of writing) there are other LPs on Arbitrum (~5.5M) and Gnosis (~6M).

All these excluded tokens will not participate in staking and will not be counted within the juror incentive rewards.

This adjustment provides a more accurate representation of actual community staking participation while preserving the long-term ambitious target of 50% of (adjusted) PNK supply staked.

Example (January 2026 figures):

Without amendment: 33.6% = 308M / 915.5M
With this amendment: 42% = 308M / 732M (excluding ~104M in multisig + ~79.5M in Uniswap pools)

If approved, this change will take effect starting with the March 2026 calculation that will be performed at the beginning of April.

Voting Options

Yes — Approve the Proposal
No — Rework the Proposal

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Discussion

KIP-86: Exclude PNK Held by the Kleros Cooperative from KIP-66

Timeline

Feb 26, 2026Proposal created

Mar 02, 2026Proposal vote started

Mar 09, 2026Proposal vote ended

Mar 11, 2026Proposal updated

KIP-86: Exclude PNK Held by the Kleros Cooperative from KIP-66

Date: 2026-02-05
Author: Kleros Cooperative

Context

Currently, all PNK tokens held by the Cooperative are included in the Total Supply figure used for the Juror Incentive Program calculations in KIP-66.

However, because these tokens will never be staked by the Cooperative, including them distorts the real staking participation rate and the incentives distributed to active jurors.

Proposal Details

This proposal amends KIP-66 (Long-Term Juror Incentive Program).

The current formula for s(i) — the percentage of total PNK staked in month i — is calculated using the full Total Supply of PNK.

This change excludes all PNK held directly or indirectly (via smart contracts) by the Kleros Cooperative from the Total Supply used in the s(i) calculation.

All these excluded tokens will not participate in staking and will not be counted within the juror incentive rewards.

This adjustment provides a more accurate representation of actual community staking participation while preserving the long-term ambitious target of 50% of (adjusted) PNK supply staked.

Example (January 2026 figures):

Without amendment: 33.6% = 308M / 915.5M

With this amendment: 42% = 308M / 732M (excluding ~104M in multisig + ~79.5M in Uniswap pools)

If approved, this change will take effect starting with the March 2026 calculation that will be performed at the beginning of April.

Voting Options

Yes — Approve the Proposal

No — Rework the Proposal