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Polar DAOPolar DAOby0xE964346CeA0fA249c3FE5EECb4FEA289964799Fa0xE964…99Fa

Reward reductions - Proposals

Voting ended over 3 years agoSucceeded

Hello POLAR Family 🐻‍❄️,

Following the last snapshot (https://snapshot.org/#/polarnodes.eth/proposal/0x39c11779b515c9dd9770448ed30157707ed5f3d141fa32f41010ca78e19c6308), in which you voted "For" a reduction of the rewards, we are going to propose you 3 different proposals.

We would like to remind you that this reduction of rewards comes after the general situation of the current market and this terrible period we are all going through, this has never been the desire of the team and we have done everything to avoid this. The plan now is to "slow down" the protocol until the general market recovers, in the meantime the Polar team will continue to work on these future products.

We want to thank you all solemnly for your dedication and support for Polar, we are a real community and we will overcome all this together ❄️

Without further ado, here are the 3 proposals we are submitting to you. They are each presented in this way: Proposal 1 / Proposal 2 / Proposal 3 and the daily rewards of each node type are indicated.

Node : -5% / -10% / -15% Global Claim tax: x3 / x2 / x1.5

Fuji: 0.43 / 0.41 / 0.38 Global Claim tax (after ROI): 6% / 4% / 3%

Mont Blanc: 0.94 / 0.89 / 0.84 Global Claim tax (after ROI): 9% / 6% / 4.5%

Kilimanjaro: 4.75 / 4.5 / 4.25 Global Claim tax (after ROI): 15% / 10% / 7.5%

Ushuaia: 8.74 / 8.28 / 7.82 Global Claim tax (after ROI): 21% / 14% / 10.5%

Everest: 33.25 / 31.5 / 29.75 Global Claim tax (after ROI): 27% / 18% / 13.5%

Olympus: 114 / 108 / 102 Global Claim tax (after ROI): 42% / 28% / 21%

Off-Chain Vote

Proposal 1 (-5%)
1.41K Nodes9.9%
Proposal 2 (-10%)
2.56K Nodes17.9%
Proposal 3 (-15%)
10.32K Nodes72.2%
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Timeline

May 11, 2022Proposal created
May 11, 2022Proposal vote started
May 12, 2022Proposal vote ended
Oct 26, 2023Proposal updated