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Qi Dao | Mai.FinanceQi Dao | Mai.Financeby0xAd95A5fE898679B927C266eB2eDfAbC7fe268C27qidao.lens

QIP162: Update Vault Incentives Parameters

Voting ended over 3 years agoSucceeded

Proposal:

  • Lower the maximum amount of incentives that one collateral can receive from 20% to 15% of the total.
  • Lower the minimum percentage of votes that a chain needs to "meet quorum" and receive incentives from 8.33% to 5%.
  • Set a 100 MAI borrowing minimum to receive incentives unless the minimum borrow for a vault is higher - such as the 10k minimum on Ethereum vaults - which would supersede the 100 min.
  • Reduce the total incentives from 180K to 150K QI a week.

Motivation:

  • Ensure that borrow incentives are able to be directed to many chains, even smaller ones.
  • Ensure that borrow incentives do not go solely to vaults with limited debt ceilings and that they accomplish the goal of encouraging more borrowing.
  • Reduce gas costs, dust airdrops and ensure a minimum profitability of the incentives due to the 0.5% repayment fee by setting a minimum borrow.

Quorum Standards

The option with the most votes will be adopted.

Options:

  • Approve proposal
  • Further discussions needed

Off-Chain Vote

Approve proposal
9.38M QI66.2%
Further discussions needed
4.78M QI33.8%
Download mobile app to vote

Timeline

Oct 03, 2022Proposal created
Oct 03, 2022Proposal vote started
Oct 06, 2022Proposal vote ended
May 15, 2024Proposal updated