Reduce BUSD incentives by 50%

Proposal #30 on Kava

Passed

Voting ended: Dec 24, 2020; Opened Dec 17, 2020
Submitted: Dec 17, 2020; Dec 17, 18:53 UTC
Deposit: 1,000 KAVA
Type: Parameter change

Yes 99.8% 38.2M KAVA
No 0.1% 32.4K KAVA
No with veto <0.1% 271 KAVA
Abstain 0.1% 44.3K KAVA

This proposal will reduce busd-a incentives for USDX minters from 74000 KAVA/week to 37000 KAVA/week. See https://medium.com/kava-labs/usdx-stability-mechanics-12bf23ed957b for detailed reasoning

Parameter change cosmos.params.v1beta1

{
    "@type": "/cosmos.gov.v1.MsgExecLegacyContent",
    "content": {
        "@type": "/cosmos.params.v1beta1.ParameterChangeProposal",
        "title": "Reduce BUSD incentives by 50%",
        "changes": [
            {
                "key": "Rewards",
                "value": "[{\"active\":true,\"collateral_type\":\"bnb-a\",\"available_rewards\":{\"denom\":\"ukava\",\"amount\":\"74000000000\"},\"duration\":\"60480… (1,651 characters)",
                "subspace": "incentive"
            }
        ],
        "description": "This proposal will reduce busd-a incentives for USDX minters from 74000 KAVA/week to 37000 KAVA/week. See https://medium.com/kava-labs/usdx-stability-mechanics-12bf23ed957b for detailed reasoning"
    },
    "authority": "kava10d07y265gmmuvt4z0w9aw880jnsr700jxh8cq5"
}

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

Reduce BUSD incentives by 50%

Overview

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Description

What it does

How validators voted