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OlympusDAOOlympusDAOby0x2E34c96c51cFf6F5bEA0CCCF0c886902843b5EdA0x2E34…5EdA

OIP-63: Reward rate adjustment

Voting ended about 4 years agoSucceeded

Summary

Adjust reward rate to the minimum of the current range according to OIP-18. That would be a 0.1587% reward rate, which translates to around 1,000% APY. The adjustment would be spaced out across 4 weeks with the reward rate adjusting each epoch.

Additional context, explanation and discussion of this proposal can be found on the forum:

https://forum.olympusdao.finance/d/755-oip-63-reward-rate-adjustment

Vote

For: Adjust reward rate to 0.1587% of total supply (from the current 0.2975%) Against: Do nothing

Off-Chain Vote

For
311.3K 95.4%
Against
14.99K 4.6%
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Timeline

Dec 27, 2021Proposal created
Dec 27, 2021Proposal vote started
Dec 31, 2021Proposal vote ended
Oct 26, 2023Proposal updated