[NIP-7] 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% across all active currencies.
Proposed changes:
| Currency | Current value | Proposed value |
|---|---|---|
| ETH - Annualized incentive rate | 1,000,000 | 850,000 |
| DAI - Annualized incentive rate | 9,000,000 | 7,650,000 |
| USDC - Annualized incentive rate | 9,000,000 | 7,650,000 |
| WBTC - Annualized incentive rate | 1,000,000 | 850,000 |
Links
The related NRC community discussion can be found here: https://commonwealth.im/notional/discussion/4275-update-ntoken-note-incentives?comment=18465 Governance parameter documentation: https://docs.notional.finance/governance/trading-fees/incentives
Off-Chain Vote
Yes
99.95K NOTE100%
No
0 NOTE0%
Timeline
Apr 14, 2022Proposal created
Apr 14, 2022Proposal vote started
Apr 19, 2022Proposal vote ended
Oct 26, 2023Proposal updated