closedEnded 3 years ago · Snapshot (Offchain)
QIP162: Update Vault Incentives Parameters
By 0xAd95...268C27Continue Reading
Proposal:
- Lower the maximum amount of incentives that one collateral can receive from 20% to 15% of the total.
- Lower the minimum percentage of votes that a chain needs to “meet quorum” and receive incentives from 8.33% to 5%.
- Set a 100 MAI borrowing minimum to receive incentives unless the minimum borrow for a vault is higher - such as the 10k minimum on Ethereum vaults - which would supersede the 100 min.
- Reduce the total incentives from 180K to 150K QI a week.
Motivation:
- Ensure that borrow incentives are able to be directed to many chains, even smaller ones.
- Ensure that borrow incentives do not go solely to vaults with limited debt ceilings and that they accomplish the goal of encouraging more borrowing.
- Reduce gas costs, dust airdrops and ensure a minimum profitability of the incentives due to the 0.5% repayment fee by setting a minimum borrow.
Quorum Standards
The option with the most votes will be adopted.
Options:
- Approve proposal
- Further discussions needed
Connect Wallet to Add Note
0Votes 103
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x5D22...5a142D | 4.582M | Approve proposal |
 0xB424...3d1ACA | 3.558M | Further discussions needed |
 0x6523...456547 | 2.6M | Approve proposal |
 0x329c...543eD4 | 1.155M | Further discussions needed |
 0x9A20...7a1716 | 979,322 | Approve proposal |
VOTE POWER
0
Connect Wallet
Proposal Status
- Mon October 03 2022, 08:40 pmVoting Period Starts
- Thu October 06 2022, 04:00 amEnd Voting Period
Current Results
1-Approve proposal
9.381M
2-Further discussions needed
4.784M