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veDaoveDaoby0x53e0B897EAE600B2F6855FCe4a42482E9229D2c20x53e0…D2c2

VIP6: Reduce emissions to WeVE-USDC pool

Voting ended about 4 years agoSucceeded

https://github.com/ve-DAO/governance/blob/main/VIP6.md


vip: vip6 title: Reduce Emissions to WeVE-USDC pool status: Voting authors: nickbtts [multisig holder] sponsors/seconders: discussions-to: https://forum.vedao.io/t/proposal-vip6-reduce-emissions-to-weve-usdc-pool/100

created: 2 Feb 2022


Simple Summary Proposal to reduce 'pool 2' emissions by 76%, and retain until Solidly emissions begin, or MasterChef rewards end (whichever is first).

Motivation & Rationale Emittance is high for pool2, as parameters remain from the initial farming method. There are currently 53,008,941 tokens a week being generated by this pool meaning that total dilution is relatively high.

Specification The proposal is to reduce emissions on the WeVE-USDC pool by 76%, resulting in 12,722,145 tokens to be emitted per week. A total distribution breakdown is dependent on Soldily launch date and emissions start, but this will reduce the overall total number of tokens that reach circulation.

This will be enacted by the multisig through updates to MasterChef contract on vote passing.

Please note that there is a hardcoded end date for ALL emissions: ftmscan.com/block/countdown/31208000

With pool 2 reduction. These are not exact due to FTMScan circulating update and user pending rewards.

Total circulating: 423,785,029 Percentages: Community: 69.1% Team: 9.7% Eco: 21.2%

Off-Chain Vote

For
80.19M 97.4%
Against
2.11M 2.6%
Download mobile app to vote

Timeline

Feb 03, 2022Proposal created
Feb 03, 2022Proposal vote started
Feb 04, 2022Proposal vote ended
Oct 26, 2023Proposal updated