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Kwenta Kwenta by0xB09234b8a25C19b37Ad0f5306a66860b80D6A6950xB092…A695

KIP-45: Adjust allocation of KWENTA forfeited through early vesting

Voting ended about 3 years agoSucceeded

Summary

Adjust the flow of escrowed KWENTA tokens that are forfeited by stakers when they vest their KWENTA early so that a portion is directed towards stakers who remain staked.  

Abstract

Currently, when users exit the inflationary reward vesting agreement early, the remaining KWENTA in their vesting package is sent to the Kwenta treasury (as per KIP-32). This KIP proposes to reduce the amount of KWENTA sent to treasury by 50%, so that 50% goes to treasury and the other 50% is shared amongst all other KWENTA stakers as escrowed KWENTA (proportional to their stake).

Motivation

Sharing forfeited escrowed KWENTA equally between the treasury and stakers will:

  • Further incentivize long-term staking         
  • Further contribute to healthy decentralization of voting power by distributing voting weight across engaged and committed users & community members

Specification

Read full details here: https://kips.kwenta.io/kips/kip-45/

Off-Chain Vote

Pass
5 KC-NFT100%
Reject
0 KC-NFT0%
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Timeline

Jan 06, 2023Proposal created
Jan 06, 2023Proposal vote started
Jan 20, 2023Proposal vote ended
Oct 26, 2023Proposal updated