Proposal #147
Passed on 17 May 2022 with 33.0% of the votes for yes.
Yes
33.0%
96.2% without abstain
Veto
0.8%
of votes cast
Ended
17 May 2022
33.01%
of votes cast
65.69%
of votes cast
0.51%
of votes cast
0.79%
of votes cast
This proposal will restructure Trade and Earn incentives in order to reallocate a portion of the community spend pool for developer and exchange application growth. Specifically, Trade and Earn rewards will be reduced by 50% for the next 6 months (28 weeks). These unallocated rewards will be returned to the community pool and be used to support the developer ecosystem on Injective.
In light of recent events, the community is looking to support the Terra ecosystem builders who may have had to unwittingly pause development. This proposal aims to empower developers who may need assistance during this time.
Given Injective’s compatible tooling and forthcoming CosmWasm smart contract layer, builders familiar with IBC, Terra and Ethereum will be able to quickly deploy applications to users. The new funds made available after the passage of this proposal will allow the community to further launch new developer focused initiatives that will be beneficial for the entire ecosystem.
The changes made by this proposal for the community to consider are the following:
A 50% reduction in the overall Trade and Earn reward incentive for the next 28 weeks, with a potential to extend.
Maker / taker reward ratios will remain the same.
Unallocated Trade and Earn rewards will remain in the community spend pool for any future grant and incentive proposals.