GGP-0013: Decrease protocol issuance rate to keep annual issuance at 3%
Indexing rewards in The Graph utilize a parameter that defines issuance rate of GRT per block. After The Merge, block generation is now faster along with the effective issuance rate. Ethereum now has 2628000 blocks a year instead of approximately 2425846, which at the current per block issuance rate will lead to yearly 3.2% rate, rather than The Graph’s original 3% annnual issuance rate.
This proposal is to update the issuanceRate parameter of The Graph’s protocol smart contracts running on Ethereum Mainnet from the current 1000000012184945188 to 1000000011247641700
Forum discussion: https://forum.thegraph.com/t/indexing-rewards-and-the-merge/3523
The update must be performed by initiating a RewardsManager.setIssuanceRate() transaction with the proposed value on Ethereum Mainnet.
Following a successful “yes” vote, the protocol update should be carried out at the earliest convenience using The Graph Council’s Gnosis Multisig.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xd201...0722aA | 1 | For |
 0xB02c...6b80b0 | 1 | For |
 0x4530...7ebA9A | 1 | For |
 0x38FA...8d4Da8 | 1 | For |
 0x37BC...95B391 | 1 | For |
VOTE POWER
Proposal Status
- Tue October 18 2022, 01:36 amVoting Period Starts
- Mon October 24 2022, 07:00 pmEnd Voting Period
Current Results
1-For
6