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Limit voting power of Kintsugi team and investors
4mos ago
Executed

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

Edited
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Votes
AyePassing thresholdNay
50%50%
Aye
0 vKINT
Nay
0 vKINT
Turnout
0 vKINT
Electorate
0 vKINT
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Passed

How Kintsugi Governance Works.

Metadata
Proposer
Hash
Delay
02022-06-02 11:34:30
End
02022-06-02 11:33:54
Threshold
Call
Table
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TimelineLatest activity 4mos ago
2022-06-02 07:41:42
Proposed
Index
#39
2022-06-02 07:44:36
FastTracked
2022-06-02 07:44:36
Started
referendumIndex
37
voteThreshold
SuperMajorityAgainst
2022-06-02 11:33:54
Passed
referendumIndex
37
2022-06-02 11:34:30
Executed
result
ok
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