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StabilizeDAOStabilizeDAOby0x98270c2E5E6442645cfF880198811dFa7331ACd30x9827…ACd3

Changing the distribution rate of Stability Pool

Voting ended about 4 years agoSucceeded

There are currently 4 collaterals in Stability Pool rewarding $SET, each collateral's rewards of Stability Pool is allocated 1.2%.

The rewards described by the default function is 12,000,000 * (1–0.5^year), which means halved every year.

Changing the distribution rate of Stability Pool would:

⁃ Reduce the rate of rewarding SET and secondary market selling pressure. Therefore, the price of SET will raise.

⁃ If $SET price remains the same, the number of the APY in the Stability Pool will decrease.

After full community discussion, these 5 options are now given, please vote.

  1. Halved every year - 12,000,000 * (1–0.5^year)
  2. Halved every 2 years - 12,000,000 * (1-0.5^(year/2))
  3. Halved every 3 years - 12,000,000 * (1-0.5^(year/3))
  4. Halved every 4 years - 12,000,000 * (1-0.5^(year/4))
  5. Halved every 5 years - 12,000,000 * (1-0.5^(year/5))

Note: We will make changes to the Distribution based on the voting results, and the changes will be implemented after 24 hours (Timelock).

Off-Chain Vote

Halved every year
2.54K 0.5%
Halved every 2 years
1.81K 0.3%
Halved every 3 years
76.94K 14.7%
Halved every 4 years
1.22K 0.2%
Halved every 5 years
441.08K 84.2%
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Timeline

Dec 13, 2021Proposal created
Dec 13, 2021Proposal vote started
Dec 15, 2021Proposal vote ended
Oct 26, 2023Proposal updated