KIP #3 - KuSwap v3 Burn Proposal
tl;dr: We are proposing to burn 100M KUS tokens in the first week of December, 2022.
The Biggest Burn plan aims to improve KUS tokenomics by permanently decreasing the hardcap, which will result in reducing total supply and dilution of value.
In this final installment of the Biggest Burn, we propose lowering the hardcap by 100M. This will be essential for KuSwap v3, in which we intend to expand KUS with real yield as opposed to linear inflation.
Should we effectively reduce the KUS token hardcap by burning 100M KUS tokens?
Off-Chain Vote
Yes, burn 100M KUS
8.66K KUSGov100%
No, don't burn KUS
0 KUSGov0%
Quorum:866%
Timeline
Dec 01, 2022Proposal created
Dec 01, 2022Proposal vote started
Dec 04, 2022Proposal vote ended
Oct 26, 2023Proposal updated