Faster token emission reduction

Proposed Change

Within the next few weeks, the emissions of the token are scheduled to be reduced by 25% from 0.7 REVA/block to 0.525 REVA/block.

This proposal suggests reducing the emissions by 50% instead from 0.7 REVA/block to 0.375 REVA/block.

Background & Reasoning

On average over 20,000 REVA are minted every day and distributed to vault users, LPs, stakers and the Revault treasury. These rewards were initially deployed to build a strong DAO faster. Along with a functioning DAO, this also attracted investors who sold the majority of their massive rewards and caused the inflation of the token to be realized on the market.

As rewards are diminishing with more value locked, we can now move away from higher rewards to higher utility. The price has an easier time stabilizing with less REVA minted to create sell pressure. A stabilized price can then attract new investors interested in the token's utility.