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KAVA $0.0682 0.26% Market cap $73.9M

Proposal #166

Proposal #166 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.005 KAVA

Overview

Updated

Rejected

Voting ended
Oct 27, 2023
Opened Oct 20, 2023
Submitted
Oct 20, 2023
Oct 20, 18:10 UTC
Deposit
1,000 KAVA
Type
Authorized deposit and 1 more

Votes

  • Yes 5.03M KAVA
  • No 19.5M KAVA
  • No with veto 39.1K KAVA
  • Abstain 41.8M KAVA

Description

This proposal supplies fifteen million KAVA tokens to the Kava Mint protocol, a major step towards providing decentralized liquidity for the USDX token.

What it does

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

  1. Authorized deposit and 1 more cosmos.authz.v1beta1 
    {
    "msgs": [
        {
            "@type": "/kava.cdp.v1beta1.MsgDeposit",
            "owner": "kava17d2wax0zhjrrecvaszuyxdf5wcu5a0p4qlx3t5",
            "depositor": "kava17d2wax0zhjrrecvaszuyxdf5wcu5a0p4qlx3t5",
            "collateral": {
                "denom": "ukava",
                "amount": "15000000000000"
            },
            "collateral_type": "ukava-a"
        },
        {
            "@type": "/kava.cdp.v1beta1.MsgDrawDebt",
            "sender": "kava17d2wax0zhjrrecvaszuyxdf5wcu5a0p4qlx3t5",
            "principal": {
                "denom": "usdx",
                "amount": "5000000000"
            },
            "collateral_type": "ukava-a"
        }
    ],
    "@type": "/cosmos.authz.v1beta1.MsgExec",
    "grantee": "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.