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Title: Support LAY Emission from Starlay’s Treasury

Date: April 5st, 2024

Proposed by: Starlay Chan Initiative (SCI)

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Summary

• The emission of LAY concluded in March, leaving April without incentive distribution.
• To bridge this gap, we propose distributing the March emission amount over the next six months.
• This six-month period provides ample time until the new protocol is launched on the mainnet.
• With March 2024’s emission being 2,889,355 LAY, we aim to distribute a total of 17,336,130 LAY from the Treasury over the six months.

Specification

Process

• Withdraw 17,336,130 LAY from https://debank.com/profile/0x99baebbd28bac1125b84ce1e4b49f077049122e3.
• Deposit the LAY into Starlay’s Incentive Controller.

Next Steps

We will put the proposal to a vote via Snapshot in 3 days

Voting Schedule

Snapshot Voting: 8th Apr, 09:00 UTC - 11th Apr, 09:00 UTC. Link:

Voting Option

YES - Approve the proposal NO - Reject the proposal