OIP-11: Reducing reward rate
Summary:
Increase runway and achieve sustainable growth by slowing down emissions and spreading them over a longer period.
-Reduce reward rate gradually over 3 weeks. This is our reduction period. -Change reward rate calculation from circulating supply to total supply -Target a reward rate of 0.35% of total supply by the end of the reduction period, current reward rate is 0.44% of total supply. -The 0.35% reward rate translates to a rebase of ~ 0.50%, and an APY of 20k+ -Increase runway by ~ 6 weeks due to this reduction. -Have a total runway of almost 200 days after the reduction period. -Bonding becomes more attractive, driving revenue growth due to a lower required rate of return.
Additional context, explanation and discussion of this proposal can be found on the forum: https://forum.olympusdao.finance/d/37-oip-11-reducing-reward-rate
For: Reduce reward rate to 0.35% of total supply gradually over a period of 3 weeks. Against: Do nothing
If the proposal passes the changes would come into effect immediately.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x1344...Aa65FA | 8,327 | |
 0x10DC...298d78 | 5,360 | |
 0x3143...B0e10A | 4,230 | |
 0x4133...5EBB1C | 3,915 | |
 0x9B94...4BE3Be | 3,869 |
VOTE POWER
Proposal Status
- Tue June 15 2021, 05:00 pmVoting Period Starts
- Mon June 21 2021, 05:00 pmEnd Voting Period
Current Results
1-For: Reduce reward rate to 0.35%
532.045