Proposal Details
Proposal #159
Proposal title
Developer Royalties Update
Submit time
Deposit end time
Voting start time
Voting end time
Tally result
Proposal #159 description
As discussed here:
https://commonwealth.im/stargaze/discussion/9924-developer-royalties-update
Summary
This is to update the Developer Royalties distribution in order to provide a higher incentive for developers to build on Stargaze. This fee is included in the Fairburn mechanism when a developer's custom contract is utilized.
Currently:
How does Fair Burn work?
All fees received by Stargaze are 100% Fair Burned. That means when no developer royalty is present: -50% of $STARS are burned -50% STARS are returned to stakers
Developer royalties are within the first half, which means the current distribution looks like this: -10% dev royalties -40% burned -50% returned to stakers
Proposed:
When no developer royalty is present (No Change): -50% of $STARS are burned -50% of $STARS are returned to stakers
When Developer Royalties are present: -50% dev royalties -50% burned
Vote
Vote Yes: To update the Developer Royalty allocation to increase the incentive for developers to build on Stargaze.
Vote No: To keep the status quo.