[NIP-13] - Update NOTE incentives
Summary
This vote is to determine if the Notional protocol should increase NOTE incentives for nETH LPs by 1,250,000 NOTE annually, decrease nDAI incentives by 2,000,000 NOTE annually, leave nUSDC incentives unchanged, and cut nWBTC incentives to 0. On aggregate this will lead to a reduction of -10% in NOTE incentives.
Proposed changes:
| Parameter | Current value | Proposed value |
|---|---|---|
| ETH - Annualized incentive rate | 750,000 | 2,000,000 |
| DAI - Annualized incentive rate | 6,250,000 | 4,250,000 |
| USDC - Annualized incentive rate | 6,750,000 | 6,750,000 |
| WBTC - Annualized incentive rate | 700,000 | 0 |
Links
The related NRC community discussion can be found here: https://commonwealth.im/notional/discussion/7163-update-note-incentives Governance parameter documentation: https://docs.notional.finance/governance/trading-fees/incentives
Off-Chain Vote
Yes
617.17K NOTE100%
No
0 NOTE0%
Discussion
Timeline
Oct 10, 2022Proposal created
Oct 10, 2022Proposal vote started
Oct 15, 2022Proposal vote ended
Oct 26, 2023Proposal updated