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KAVA $0.06784 down 0.56% Market cap $73.5M

Adjust incentive rewards and staking incentives

Proposal #126 on Kava

Overview

Updated

Passed

Voting ended
Feb 28, 2023
Opened Feb 21, 2023
Submitted
Feb 21, 2023
Feb 21, 18:17 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 51.8M KAVA
  • No 1.47M KAVA
  • No with veto 175K KAVA
  • Abstain 3.29M KAVA

Description

This proposal redirects a portion of regular staking incentives to bKAVA liquid staking incentives, and revises protocol incentives to maintain sustainable incentivization. Additionally, this proposal adds wBTC (multichain) as an ERC-20 than can be used in the Cosmos co-chain. By voting yes, you are voting in favor of incentive adjustments. By voting no, you are voting against incentive adjustments.

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": "Adjust incentive rewards and staking incentives",
            "changes": [
                {
                    "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\":\"159459\"}]}]",
                    "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… (1,329 characters)",
                    "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… (1,817 characters)",
                    "subspace": "incentive"
                },
                {
                    "key": "communitytax",
                    "value": "\"0.949500000000000000\"",
                    "subspace": "distribution"
                },
                {
                    "key": "EnabledConversionPairs",
                    "value": "[{\"kava_erc20_address\":\"0xfa9343c3897324496a05fc75abed6bac29f8a40f\",\"denom\":\"erc20/multichain/usdc\"},{\"kava_erc20_address\":\"0xb44a9b6905af7c801311e8f4e76932ee959c663c\",\"denom\":\"erc20/multichain/usdt\"},{\"kava_erc20_address\":\"0x765277eebeca2e31912c9946eae1021199b39c61\",\"denom\":\"erc20/multichain/dai\"},{\"kava_erc20_address\":\"0x818ec0A7Fe18Ff94269904fCED6AE3DaE6d6dC0b\",\"denom\":\"erc20/multichain/wbtc\"}]",
                    "subspace": "evmutil"
                }
            ],
            "description": "This proposal redirects a portion of regular staking incentives to bKAVA liquid staking incentives, and revises protocol incentives to maintain sustainable incentivization. Additionally, this proposal adds wBTC (multichain) as an ERC-20 than can be used in the Cosmos co-chain. By voting yes, you are voting in favor of incentive adjustments. By voting no, you are voting against incentive adjustments."
        },
        "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.