Proposal #117
Referendum #110
Limit voting power of Kintsugi team and investors (Part 2)
Democracy
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Executed

Follow up on https://kintsugi.subsquare.io/democracy/referendum/6

This proposal implements a restriction of voting power for two years for team and investors to ensure that Kintsugi decisions are fully decentralized.

Background

Since both vested and unvested tokens can participate in voting, the Interlay team and investors introduce additional restrictions on their own voting power during the first 2 years after network launch. Specifically: while the community can use 100% of their vested and unvested KINT to vote, team and investors can only use a portion of their KINT (which is subject to lockup and vesting) to participate in governance - increasing linearly over 2 years.

Voting Power Distribution

See https://docs.interlay.io/#/kintsugi/governance?id=voting-power-distribution

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AyePassing thresholdNay
100%0%
Aye
13,903  vKINT
Nay
0  vKINT
Turnout
13,903  vKINT
Electorate
0  vKINT
Passed
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