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closedEnded 4 years ago · Snapshot (Offchain)

IIP-21: Set final $IDLE distribution rate on Gauges

By 0x2fa9...871540

Summary

This IIP follows IIP20, which activated the Gauges, and sets the IDLE distribution rate to 990 IDLE/day.

With its on-chain execution in about 5 days, Idle DAO will complete the production release of Gauges at the full IDLE distribution rate approved by the Governance.

IIP motivations

[IIP-20] – $IDLE Gauges Activation --> Forum post

Gauges were deployed earlier in a guarded launch phase, allowing Dev League to test the contracts and customize the UI. IIP-20, which finalized the IDLE transfer to IdleDistribution contract, did not include the change of the Gauges’ IDLE distribution rate, now set at 10 IDLE/week. Leagues launch IIP-21 to unlock the full Gauges’ IDLE distribution rate (990 IDLE/day), whose on-chain finalization will be on April 15th.

Specifications

The code related to this IIP is here.

IIP-21 actions:

  • Change IdleDistributor rate to 0.0114583333 IDLE per second: 1 action

This IIP complies with the stkIDLE Voting Framework. Only stkIDLE holders can vote on this poll. The threshold to make the poll valid (both metrics should be reached):

  • 30% of circulating stkIDLE voting the poll (min. 154,246 stkIDLE)
  • at least 70% on the same option

If the poll reaches the quorum, the community multisig will broadcast the decision on-chain. Current On-chain Voting Power: 684,651 $IDLE

Voting Options

Please cast your vote on one of the following options:

FOR: Approve IIP-21 execution AGAINST: Reject IIP-21 execution

Continue Reading
Connect Wallet to Add Note
0
Votes 5
VoterCast PowerVote & Rationale
0x50eE...d89e4A
110,908

FOR

0x6f85...969314
94,473

FOR

0x500D...D4a2De
66,029

FOR

0x189E...9610c7
7,307

FOR

0xefdF...F1E196
2,185

FOR

VOTE POWER
0
Connect Wallet
Proposal Status
  • Wed April 06 2022, 04:35 pmVoting Period Starts
  • Fri April 08 2022, 01:00 pmEnd Voting Period
Current Results

1-FOR

280,901.993

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