Limit voting power of Kintsugi team and investors
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
Reply
Up
Share
Business
Hash
0x00c1280d40e84b682eadd4fb8e27d33949821ff1f0793d487b7b7b808ef1c069
Proposer
Metadata
Proposer
Threshold
1
Hash
0xe061364f0bca78c327d8d71f6cf8a3a75cba90a0b958f48c8e79e49b55de352b
Call
Table
Json
callIndex | 0x1c03 | ||||
section | democracy | ||||
method | fastTrack | ||||
args |
|
Comments
There are no comments here