Proposal #75
Referendum #72

Adjustment to Vault Reward Schedule on Kintsugi

Democracy
2yrs ago
2 Comments
Executed
Content
AI Summary
Reply
Up
Share
Votes
AyePassing thresholdNay
87%13%
Aye
9.27KvKINT
Nay
1,415vKINT
Turnout
10.69KvKINT
Electorate
0vKINT
Passed
How Kintsugi Governance Works.
Call
Metadata
Timeline3
Votes Bubble
Comments

Hi,

Contrarily to what is described in the description, the only thing this proposal does is divide vault block reward by ~4.5, thus directly decreasing vault APR from 80% to ~18% (and not 30%)
Changing secure threshold level as described in the description (but not in the proposal) has ultimately no impact on APR - elaborated here (https://interlay.subsquare.io/post/12)

As is, this will be a NO for me.

I would recommend:

  • Pass first the proposal on new capacity-based reward formula
  • Recalculate the emissions required to reach a 30% APR based on current state and with the new capacity-based reward formula
Reply
Up

In our opinion, more efforts should be put on increasing the demand for INTR/KINT.

As for the price, no matter whether the block reward is reduced or not, as long as there is no demand for INTR/KINT, it will keep falling.

Reply
Up