RIP-003: APY Reduction Framework

Voting ended about 4 years agoSucceeded

The extended conversation on this framework can be found here: https://forum.romedao.finance/t/rip-003-apy-reduction-framework/16

The framework splits the rate reduction into 4 key periods that we will slowly drip APY through as the supply expands: Founding (1 to 500k @ 200k to 100k% APY, current) Regal (500k to 10M @ 100k to 1k% APY, 6-7 months) Republican (10M to 1B @ 1k to 100% APY, 2 yrs) Imperial (1B to 100B @ 100% to 3% APY, 7 yrs)

Expanded thoughts on the forum post linked above and Thursday AMA for any questions regarding this framework.

Off-Chain Vote

Enact Reduction Framework

38.12K 99.1%

Reject Reduction Framework

329.62 0.9%

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Timeline

Jan 05, 2022Proposal created

Jan 06, 2022Proposal vote started

Jan 09, 2022Proposal vote ended

Oct 26, 2023Proposal updated