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Ren ProjectRen Projectby0xF54cf21835A12c825adbE2cFfF87a08C5aa1D4300xF54c…D430

RIP-000-018: Ren 2.0 funding and Ren Foundation

Voting ended about 3 years agoSucceeded

Please review the proposal which is posted here: https://forum.renproject.io/t/rip-000-018-ren-2-0-funding-and-ren-foundation/1465

For the vote, five options are presented for how much new REN would be minted to the Ren Foundation, to cover current and future funding needs:

A) 50M B) 100M C) 150M D) 200M E) Reject

The darknode portion of these numbers are included, meaning that if for example 100M REN is the final result, each darknode would receive 10,000 REN (100M / 10,000 node limit), and the total amount going to the Ren Foundation would be 100M - (2,000 nodes * 10,000) = 80M.

The weighted average of the voting power allocated towards options A) to D) will be the final amount to be minted to the Ren Foundation, meaning that each vote influences the final decision, and that the amount can be a non-round number such as 123.45M. If more than 50% of the voting power select option E), the proposal is rejected.

Off-Chain Vote

50M
326.18 REN-DN*11%
100M
60.92 REN-DN*2%
150M
32.26 REN-DN*1.1%
200M
2.4K REN-DN*80.8%
Reject
152.15 REN-DN*5.1%
Download mobile app to vote

Discussion

Ren ProjectRIP-000-018: Ren 2.0 funding and Ren Foundation

Timeline

Dec 14, 2022Proposal created
Dec 14, 2022Proposal vote started
Dec 21, 2022Proposal vote ended
Oct 26, 2023Proposal updated