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KAVA $0.06827 up 0.70% Market cap $73.9M

Adjusts Kava incentive rewards for Swap, Lend, and Boost and KAVA stakers. Adds parameters for Multichain Dai, USDT to earn module.

Proposal #104 on Kava

Overview

Updated

Passed

Voting ended
Nov 11, 2022
Opened Nov 4, 2022
Submitted
Nov 4, 2022
Nov 4, 23:46 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 54.8M KAVA
  • No 1.57M KAVA
  • No with veto 315K KAVA
  • Abstain 603K KAVA

Description

This proposal redirects 2.5% of inflationary Kava from kava stakers to the community pool. Redirects KAVA to be the only incentivized token, replacing HARD and SWP rewards in Kava Lend and Kava Swap.

What it does

The message the chain carries out if it passes, as written in the proposal.

  1. Parameter change cosmos.params.v1beta1
    {
        "@type": "/cosmos.gov.v1.MsgExecLegacyContent",
        "content": {
            "@type": "/cosmos.params.v1beta1.ParameterChangeProposal",
            "title": "Adjusts Kava incentive rewards for Swap, Lend, and Boost and KAVA stakers. Adds parameters for Multichain Dai, USDT to earn module. ",
            "changes": [
                {
                    "key": "communitytax",
                    "value": "\"0.925000000000000000\"",
                    "subspace": "distribution"
                },
                {
                    "key": "EarnRewardPeriods",
                    "value": "[{\"active\":true,\"collateral_type\":\"bkava\",\"start\":\"2022-10-26T15:00:00Z\",\"end\":\"2024-10-26T15:00:00Z\",\"rewards_per_second\":[{\"denom\":\"ukava\",\"amount\":\"190258\"}]},{\"active\":true,\"collateral_type\":\"erc20/multichain/usdc\",\"start\":\"2022-10-26T15:00:00Z\",\"end\":\"2024-10-26T15:00:00Z\",\"rewards_per_second\":[{\"denom\":\"ukava\",\"amount\":\"5505\"}]},{\"active\":true,\"collateral_type\":\"erc20/multichain/usdt\",\"start\":\"2022-11-11T15:00:00Z\",\"end\":\"2024-11-11T15:00:00Z\",\"rewards_per_second\":[{\"denom\":\"ukava\",\"amount\":\"5505\"}]},{\"active\":true,\"collateral_type\":\"erc20/multichain/dai\",\"start\":\"2022-11-11T15:00:00Z\",\"end\":\"2024-11-11T15:00:00Z\",\"rewards_per_second\":[{\"denom\":\"ukava\",\"amount\":\"5505\"}]}]",
                    "subspace": "incentive"
                },
                {
                    "key": "SwapRewardPeriods",
                    "value": "[{\"active\":true,\"collateral_type\":\"bnb:usdx\",\"start\":\"2022-11-11T15:00:00Z\",\"end\":\"2025-08-29T15:00:00Z\",\"rewards_per_se… (1,822 characters)",
                    "subspace": "incentive"
                },
                {
                    "key": "HardSupplyRewardPeriods",
                    "value": "[{\"active\":true,\"collateral_type\":\"usdx\",\"start\":\"2022-11-11T15:00:00Z\",\"end\":\"2024-10-16T14:00:00Z\",\"rewards_per_second… (1,330 characters)",
                    "subspace": "incentive"
                },
                {
                    "key": "SupportedDenoms",
                    "value": "[\"ukava\",\"bkava\",\"erc20/multichain/usdc\", \"erc20/multichain/usdt\", \"erc20/multichain/dai\"]",
                    "subspace": "savings"
                },
                {
                    "key": "AllowedVaults",
                    "value": "[{\"denom\":\"ukava\",\"strategies\":[2],\"is_private_vault\":true,\"allowed_depositors\":[\"kava1g655pg22nnhcsku4v3pe7mz9tzqj37rlej0jmn\"]},{\"denom\":\"usdx\",\"strategies\":[1],\"is_private_vault\":false,\"allowed_depositors\":[]},{\"denom\":\"bkava\",\"strategies\":[2],\"is_private_vault\":false,\"allowed_depositors\":[]},{\"denom\":\"erc20/multichain/usdc\",\"strategies\":[2],\"is_private_vault\":false,\"allowed_depositors\":[]},{\"denom\":\"erc20/multichain/usdt\",\"strategies\":[2],\"is_private_vault\":false,\"allowed_depositors\":[]},{\"denom\":\"erc20/multichain/dai\",\"strategies\":[2],\"is_private_vault\":false,\"allowed_depositors\":[]}]",
                    "subspace": "earn"
                }
            ],
            "description": "This proposal redirects 2.5% of inflationary Kava from kava stakers to the community pool. Redirects KAVA to be the only incentivized token, replacing HARD and SWP rewards in Kava Lend and Kava Swap."
        },
        "authority": "kava10d07y265gmmuvt4z0w9aw880jnsr700jxh8cq5"
    }

How validators voted

A validator's vote counts for its delegators unless they vote themselves. Largest stake first.

Voting ended before BitBasic started recording Kava votes on Oct 29, 2026, and the chain deletes votes when voting ends.