YIP-15 Amendment
We, Brock Elmore and Trent Elmore, propose an amendment to YIP-15: Delegation Reward Modification in order to maintain the initial 27 YAMv3 reward to smaller holders.
YIP-15:Delegation Reward Modification: (https://snapshot.page/#/yam/proposal/QmSUbZ7zMs2nJ8iemVpDDEtpUWqpGuu3zE7zdozAxCvzjF)
We propose to amend the following:
Amendment to rewards: Delegators equal to or under 27 votes: 2,275 delegators * 27 YAM = 61,425 YAMv3 Delegators over 27 votes 1:1 = 286,780 YAMv3 Total Delegator Rewards: 348,205
This will constitute a 100% (174,617) increase in rewards from the amount proposed in YIP-2, and delegator rewards will constitute 6.9% of the network.
Amendment to LP incentives: LP Incentive rewards will decrease to 925,383 (15.8% decrease from the amount proposed in YIP-2), with the first week distributing ~277k in rewards, decreasing by 30% each week.
In keeping with the spirit of YIP-15’s item relating to no further proposals, we posit this as an amendment rather than standalone proposal. It must pass of its own accord, is only valid if YIP-15 passes, and will not be included otherwise.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x0525...2f43f4 | 77,404 | For |
 0xa0f7...1e9b73 | 58,343 | For |
 0x731D...aC1722 | 54,316 | For |
 0xCa84...b43000 | 51,470 | Against |
 0x65C0...E10160 | 49,000 | For |
VOTE POWER
Proposal Status
- Wed August 26 2020, 07:40 pmVoting Period Starts
- Sat August 29 2020, 09:02 pmEnd Voting Period
Current Results
1-For
543,618.61
2-Against
107,604.748