Prop 221: Emission change for 2nd year
Change in Emissions (Commonwealth Link)
In one of the fastest-moving industries, it is essential to be highly flexible to change, and thus we propose a revision of 2nd-year emissions to the following:
| Liquidity Provider | Market Maker | Boost | Ecosystem Reserve | Total | |
|---|---|---|---|---|---|
| 1st year | 50% | 30% | 50% | 0 | 108.7m CRE |
| 2nd year(OLD) | 20% | 30% | 50% | 0 | 216.1m CRE |
| 2nd Year (Proposed) | 40% | 10% | 40% | 10% | 216.1m CRE |
- LP is still a large part of Crescent’s growth, and liquidity is necessary to launch new utilities. Hence LP incentives will be slightly decreased from current levels, but more than projected at genesis.
- With the implementation of EVM or Cosmwasm imminent, we need incentives to be allocated to 3rd party apps, and the Ecosystem Reserve will serve this purpose (Spent through governance) (cre180s8gyjtqdczkxuk6xf0r2w3fyln59m6nuuyh8sw3v8kjvjzm0ks7e8jfe)
- Boost is under the hood, to be revealed to our users soon. And trust us, Boostdrop is also a large part of the design, and long-time supporters of Crescent and its governance token will not be disappointed.
Upon sufficient discussion, a proposal for parameter change will be uploaded. If passed, the emissions for Year 2, starting on April 13th, will follow the new emissions plan.