SCCP-189: Change SNX inflationary distribution ratio
| Author | |
|---|---|
| Status | Approved |
| Type | Governance |
| Network | Ethereum & Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2022-04-20 |
Simple Summary
This SCCP proposes to alter the SNX inflationary distribution ratio from 30% Optimism 70% Ethereum Mainnet to 40% Optimism 60% Ethereum Mainnet after a week one grace period from the date of this SCCP passing a Spartan Council vote.
Abstract
In order to further incentivize minters to shift their holdings to L2, this SCCP proposes to increase the inflationary rewards distribution in Optimism Stakers favor.
To give L1 stakers time to move to L2, this change will have a 1 week grace period attached to it. It should be imeplemented by the pdao and factored into the inflationary distribution one week after it passes.
Motivation
This SCCP aims to further incentivize minters to move their stack to L2. All new Synthetix products, assets, and partners are all on Optimism and generating volume on Optimism.
There is clear consensus in the community for this change, apparent in the gov call chat channel, as most of the Synthetix trading volume occurs on layer two.
To give L1 stakers time to move to L2, this change will have a 1 week grace period attached to it. It should be imeplemented by the pdao and factored into the inflationary distribution one week after it passes.
Copyright
Copyright and related rights waived via CC0.