[NIP-10] Update nToken NOTE incentives
Summary
This vote is to determine if the Notional protocol should lower the annualized incentive rates for nToken holders (LPs) by 15%.
Proposed changes:
| Currency | Current value | Proposed value |
|---|---|---|
| ETH - Annualized incentive rate | 850,000 | 750,000 |
| DAI - Annualized incentive rate | 7,650,000 | 6,250,000 |
| USDC - Annualized incentive rate | 7,650,000 | 6,750,000 |
| WBTC - Annualized incentive rate | 850,000 | 700,000 |
Links
The related NRC community discussion can be found here: https://commonwealth.im/notional/discussion/5870-reduce-note-incentives Governance parameter documentation: https://docs.notional.finance/governance/trading-fees/incentives
Off-Chain Vote
Yes
664.81K NOTE81.9%
No
147.2K NOTE18.1%
Timeline
Jul 01, 2022Proposal created
Jul 01, 2022Proposal vote started
Jul 06, 2022Proposal vote ended
Oct 26, 2023Proposal updated