QIP180: Vault Incentives Gauge (Round 26)

Vault incentives are allocated a total of 150k Qi per week. Following QIP047 & QIP162 the distribution of these rewards among vault types will be decided every two weeks by the DAO.

To vote, you must hold Qi. You can distribute your voting power among as many and as few collateral types as you wish. The aggregate distribution of responses will be used to calculate the final distribution of rewards.

Quorum Standards:

Following QIP162, a minimum allocation of 7,500 QI per week (5% of the vote) is needed for a chain to receive rewards. If the collateral types for a chain collectively do not achieve a 7,500 QI per week allocation, then their rewards will be proportionally split among the other eligible collateral types.

Each vault type can get a maximum of 15% of the total incentives. Any extra percentage over 15% will be distributed among the other collaterals receiving votes in proportion to their vote share.

Vaults must have a minimum of 100 MAI debt to receive incentives unless the minimum borrow for a vault type is set higher.

Following QIP177, the protocol will incentivize highly liquid collaterals to improve the strength of MAI overcollateralization. These are collaterals rated at B- or higher according to the risk assessment matrix (https://mai.watch/). For more info about the vault incentive guidelines visit https://snapshot.org/#/qidao.eth/proposal/0xb01f4ebe84eaa37ab791413c06c45d2d3df481de269745c4f6306e64e6eab5a5.

Note: Qi holders will be able to vote from any chain that has QI.