YIP-15 Amendment

We, Brock Elmore and Trent Elmore, propose an amendment to YIP-15: Delegation Reward Modification in order to maintain the initial 27 YAMv3 reward to smaller holders.

YIP-15:Delegation Reward Modification: (https://snapshot.page/#/yam/proposal/QmSUbZ7zMs2nJ8iemVpDDEtpUWqpGuu3zE7zdozAxCvzjF)

We propose to amend the following:

Amendment to rewards: Delegators equal to or under 27 votes: 2,275 delegators * 27 YAM = 61,425 YAMv3 Delegators over 27 votes 1:1 = 286,780 YAMv3 Total Delegator Rewards: 348,205

This will constitute a 100% (174,617) increase in rewards from the amount proposed in YIP-2, and delegator rewards will constitute 6.9% of the network.

Amendment to LP incentives: LP Incentive rewards will decrease to 925,383 (15.8% decrease from the amount proposed in YIP-2), with the first week distributing ~277k in rewards, decreasing by 30% each week.

In keeping with the spirit of YIP-15’s item relating to no further proposals, we posit this as an amendment rather than standalone proposal. It must pass of its own accord, is only valid if YIP-15 passes, and will not be included otherwise.