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Notional FinanceNotional Financeby0x7F6f138C955e5B1017A12E4567D90C62abb00074teddywoodward.eth

[NIP-110] Cut NOTE Emissions

Voting ended 11 months 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) than on Ethereum markets. This reflects two 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.

Proposed Incentive Emission Cuts

Token Current Emission Rate New Emission Rate Change
ETH (Arbitrum) 140,000 40,000 -100,000
USDC (Arbitrum) 140,000 40,000 -100,000
ETH (Mainnet) 1,700,000 1,514,000 -186,000
USDC (Mainnet) 2,100,000 1,874,000 -226,000
Total 4,080,000 3,468,000 -612,000

Off-Chain Vote

For
1.06M NOTE100%
Against
0 NOTE0%
Quorum:106%
Download mobile app to vote

Discussion

Notional Finance[NIP-110] Cut NOTE Emissions

Timeline

May 01, 2025Proposal created
May 01, 2025Proposal vote started
May 05, 2025Proposal vote ended
May 14, 2025Proposal updated