Proposal #75
Referendum #72

Adjustment to Vault Reward Schedule on Kintsugi

Democracy
1yr ago
2 Comments
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Votes
AyePassing thresholdNay
87%13%
Aye
9.27KvKINT
Nay
1,415vKINT
Turnout
10.69KvKINT
Electorate
0vKINT
Passed
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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
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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.

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