The core objective of 0IP3 is for the community to vote on the total amount of protocol token rewards in the next epoch.
There will be regular voting on the total amount of rewards distributed per epoch to keep the total supply in check once the protocol token launches as begun in OIP-1.
0IP-3 continues the participation of the 0VIX community in the decision-making of the pre-mining mechanics in the following epoch. This comprises of the following vote:
- Lower the total amount of the protocol token paid out in the next epoch from 90k to 80k per epoch to keep token supply in check.
Prior to the protocol token and veTokenomics launch, we want to continue inviting the community to participate in helping to make key decisions for the 0VIX Protocol, which will be managed with proposals and polls on Discourse. The motivation of 0IP3 is the following:
- As to limit the dilution of the protocol token in the pre-mining campaign running up to the protocol token launch, which is getting closer, we propose a reduction to the total amount of Protocol Token rewards distributed across all markets.
- We propose to lower the amount of protocol tokens paid out in pre-mined rewards per epoch from 90K to 80K.
The options with the most votes will be adopted.
- 2 days
- Accept the proposal: YES
- Further discussion needed