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Notional FinanceNotional Financeby0x7F6f138C955e5B1017A12E4567D90C62abb00074teddywoodward.eth

[NIP-102] Cut NOTE Emissions

Voting ended about 1 year agoSucceeded

Summary

We propose to cut NOTE incentive emissions by 15% in accordance with the plan set out in NIP-80.

The proposed incentive cuts reduce emissions more heavily on Arbitrum (proportionally), and more heavily on USDT than on USDC or ETH. This reflects three factors:

  1. The general decrease of activity on Arbiturm following the cessation of the Arbitrum incentive programs.

  2. The increased preference of Arbitrum users to sell NOTE incentives relative to Mainnet users.

  3. Focusing on ETH and USDC over USDT as core currencies to aggregate activity and leveraged vault strategies.

Proposed Incentive Emission Cuts

Token Current Emission Rate New Emission Rate Change
ETH (Arbitrum) 200,000 140,000 -60,000
USDC (Arbitrum) 200,000 140,000 -60,000
USDT (Arbitrum) 100,000 0 -100,000
ETH (Mainnet) 1,700,000 1,700,000 0
USDC (Mainnet) 2,100,000 2,100,000 0
USDT (Mainnet) 500,000 0 -500,000
Total 4,800,000 4,080,000 -720,000

Off-Chain Vote

For
2.47M NOTE100%
Against
0 NOTE0%
Quorum:247%
Download mobile app to vote

Discussion

Notional Finance[NIP-102] Cut NOTE Emissions

Timeline

Jan 20, 2025Proposal created
Jan 20, 2025Proposal vote started
Jan 24, 2025Proposal vote ended
May 14, 2025Proposal updated