Proposal Details

Proposal #263

Rejected

Proposal title

Proposal B: Transfer 136M EVMOS from the Usage Incentives Pool to the Community Pool

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

67.18%

Proposal #263 description

Author

Federico Kunze Küllmer (@fekunze), Evmos Founder

Summary

After discussion with the community on Commonwealth, we are putting the decision on moving the remaining balance of the incentives pool (

) to the community pool to vote.

Context

Following up the discussion for proposal #258, the decision was made to split implementing the on-going token burning logic from the handling of the usage incentives pool, which were originally supposed to be brought on chain at the same time. As a follow-up, the team together with the validator community has decided to bring forward two proposals for how to proceed with the pool balance of ~136M EVMOS: Burn them or transfer them to the community pool. This proposal is concerned with the latter option.

Proposed Solution

Transfer the total amount of tokens in the user incentives balance to the Evmos community pool. The transfer will be performed as part of the next upgrade (v16).

Pros

  • Pushes the decision to the future on what to do with the 136M usage incentives tokens. The Evmos community can then create a governance community spending proposal to decide how to best use the tokens on different initiatives.
  • Alternatives for new incentive programs have been proposed such as creating a new community-driven decentralized Liquidity Incentives program (source). The tokens from this pool can be used on the new initiatives.
  • Doesn’t reduce the community-governed allocation.

Cons

  • Missed “momentum” opportunity to create and drive a positive narrative for Evmos.
  • The community pool is already “large enough” to use its current balance to provide further incentives.
  • The proposed alternatives for the use of the incentive pool tokens can already be accomplished with the Community Pool tokens.

Voting Options

This is one of two proposals, which are put to vote to decide on the matter laid out on Commonwealth. The resolution of both proposals will happen as follows:

  • If only one of the two proposals passes, that proposal will be automatically selected for the next upgrade.
  • If both proposals pass, the one with the largest voting power (i.e. votes) will be selected and the other one will be discarded.
  • If none of the proposals pass, a new discussion process will need to be initiated with the community to decide the future of the Incentives Pool tokens. Note that since prop #258 has already been approved, the pool won’t keep accumulating new tokens from inflation.

Proposal #263 overview

Total votes
4,391
Voters
4,336
Total deposit
3,500 EVMOS

Proposal #263 votes

#

Validator

Account Address

Options
1OrbitalApes.comAbstain
2KynrazeNo
3Citizen Web3No
4NodeStakeNo
50% Fee | NodeOf CosmonautsNo
6TessellatedNo
7CosmostationNo
8Bro_n_BroNo
9blockscapeNo
10CosmosPug 🍒No
11ValidatusNo
12MaxxrootNo
13StakecitoNo
14Dora FactoryAbstain
15ProvalidatorAbstain
16Crypto Lion 🦁No
17Forza 💥No
18Chill ValidationNo
19NacionCrypto - ParcerosYes
20SpaceStakeNo
21Chorus OneAbstain
22EZ StakingYes
23Let's Node!No
24SecorDNo
25Let's Node | Expandingspace.ioNo
26[Beehive]No
27HashKey CloudAbstain
28#decentralizehk - DHK daoNo
29DOUBLETOPNo
30POSTHUMAN ꝏ DVSAbstain
31Swiss StakingYes
32KalpaTechNo
33CoverletNo
34!!!CLOSING!!! REDELEGATE BY 15 JULY 2024No
35Lavender.Five Nodes 🐝No
36ArcticNo
3701nodeNo
38✅ CryptoCrew - 100% MEV revenue to Evmos stakers! #IBCgang #REstakeYes
39openbitlabNo
40binary_holdingsNo
41Stake&Relax 🦥No
42Ztake.orgAbstain
43Smart Stake 📈📊No
44Coinage x DAICNo
45TC NetworkNo
46Architect NodesNo
47redelegate_pleaseNo
48AlphabetNo
49BitNordicAbstain
50w3coinsNo
51Regenerator | Green Validator 🌱No
52Citadel.oneNo
53ImpulseYes
54Hanchon.liveNo
55Stakely.ioYes
56InteropAbstain
57BlockHunters 🎯Yes
58Jerry's PoolNo
590base.vcNo
60GATA HUBNo
61MeriaAbstain
62Informal SystemsNo
63silentNo
64Deprecated ValidatorNo
65ECO Stake 🌱No
66Validatrium.comNo
67Tedcrypto.io 🧸 | TedLottoNo
68pro-nodes75No
69[Sunsetting on July 17 - please redelegate]Yes
70Active NodesNo
71Frens (🤝,🤝)Abstain
72DragonStake 🐲No
73AutoStake 🛡️ Slash ProtectedNo
74KleomedesAbstain
75StakeTownNo
76Stakin | DiscontinuedNo
77Vitwit (Previously Witval)No
78KingSuperAbstain
79windpowerstakeNo
80🔥STAVR🔥 REStake ON✅No
81Antrix ValidatorsNo With Veto
82MandragoraNo
83sleepykittenYes
84CLOSING 2024.03.31 REDELEGATENo
85wb3addctdNo
86CryptoDungeonYes
87Imperator.coAbstain
88Kalia NetworkNo
89DisperzeNo
90RHINO | 10% to WildlifeYes
91Shutdown-REDELEGATEYes
92GalaxyStaking.space - DISCONTINUEAbstain
93MZONDERNo
94AM Solutions 🪐Abstain
95Oni ⛩️No
96polkachu.comYes
97ValidaviaNo
98Nodes.GuruYes
99AlphaNodes🛸No
100Cosmos CatsNo

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