4.P3 - Premia Meta-Economics Revamp

Summary

This is a vote to establish 4.P3 Premia Meta-Economics Revamp As the duration and quorum are yet to be confirmed for this vote, we will allow for seven days, and the vote will pass with a majority vote and no minimum quorum.

Premia proposes a comprehensive revamp of its token economics design to align with the evolving Web3 landscape and better serve the community. The key components of the proposed changes are the revised token allocation re-categorizations, protocol fee structure, Insurance Fund, vxPremia, voting influence, Hydraulic Solutions Framework & Options Liquidity Mining, and the AirDrip Initiative.

Details on 4.P3 can be found on the FORUM or GITHUB

Motivation

The maturity and adoption of the DeFi ecosystem necessitates secure, responsive, and responsible protocols. Premia recognizes the need to reassess and reinvent its token meta-economic design to meet these requirements. The proposed changes aim to align with the evolving interests of the community, empower stakeholders, and ensure the long-term success of the Premia protocol.

Abstract

As the Web3 universe evolves, the Premia ecosystem must adapt and mature. The proposed revamp of token economics aims to empower and reward stakeholders while maintaining decentralization. This P3 proposal outlines the revised token allocation, the structure of protocol fees, the introduction of the Insurance Fund, the mechanism of vxPremia and voting influence, the adoption of the Hydraulic Solutions Framework & Options Liquidity Mining, and the implementation of the AirDrip Initiative.

Voting Clarification:

Vote For/In Support of the outlined Premia Token Economics Changes DO Implement

Vote Against/In Opposition of the outlined Premia Token Economics Changes DO NOT Implement

Airdrip Snapshot Date

Upon completing this vote, a snapshot block will be announced for the week of August 1st, 2023, via Premia Finance Twitter. Snapshot will include vxPremia Influence balances across all chains, which will be publicly shared. If approved, the smart contracts to facilitate the Airdrip proposed will be built and deployed within three months of the snapshot date, and the start date will be back-dated.

Further Questions

For any issues not directly outlined here, don't hesitate to get in touch with the community in Discord for clarification, and the GitHub 4.P3.md file shall be updated to reflect the same.