closedEnded a year ago · Snapshot (Offchain)
[NIP-102] Cut NOTE Emissions
By 0x7F6f...b00074
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Summary
We propose to cut NOTE incentive emissions by 15% in accordance with the plan set out in NIP-80.
The proposed incentive cuts reduce emissions more heavily on Arbitrum (proportionally), and more heavily on USDT than on USDC or ETH. This reflects three factors:
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The general decrease of activity on Arbiturm following the cessation of the Arbitrum incentive programs.
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The increased preference of Arbitrum users to sell NOTE incentives relative to Mainnet users.
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Focusing on ETH and USDC over USDT as core currencies to aggregate activity and leveraged vault strategies.
Proposed Incentive Emission Cuts
| Token | Current Emission Rate | New Emission Rate | Change |
|---|---|---|---|
| ETH (Arbitrum) | 200,000 | 140,000 | -60,000 |
| USDC (Arbitrum) | 200,000 | 140,000 | -60,000 |
| USDT (Arbitrum) | 100,000 | 0 | -100,000 |
| ETH (Mainnet) | 1,700,000 | 1,700,000 | 0 |
| USDC (Mainnet) | 2,100,000 | 2,100,000 | 0 |
| USDT (Mainnet) | 500,000 | 0 | -500,000 |
| Total | 4,800,000 | 4,080,000 | -720,000 |
Connect Wallet to Add Note
0Votes 5
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xaA32...959e36 | 1.189M | For |
 0xCd0D...E507D7 | 942,530 | For |
 0x1876...0d2B8D | 283,515 | For |
 0x031C...946dc5 | 29,335 | For |
 0x46dF...33c428 | 25,572 | For |
VOTE POWER
0
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Proposal Status
- Mon January 20 2025, 04:14 pmVoting Period Starts
- Fri January 24 2025, 04:14 pmEnd Voting Period
Current Results
1-For
2.47M
Quorum 2.47M/1M