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KAVA $0.06817 0.22% Market cap $73.8M

Update USDX minting incentives

Proposal #32 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.005 KAVA

Overview

Updated

Passed

Voting ended
Jan 15, 2021
Opened Jan 8, 2021
Submitted
Jan 8, 2021
Jan 8, 22:37 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 39.5M KAVA
  • No 27.6K KAVA
  • No with veto 84.5 KAVA
  • Abstain 4.36K KAVA

Description

This proposal will reduce busd-a incentives for USDX minters from 37000 KAVA/week to 18500 KAVA/week and add hard-a incentives equal to 14400 KAVA/week. See https://medium.com/kava-labs/usdx-stability-mechanics-12bf23ed957b for detailed reasoning

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": "Update USDX minting incentives",
        "changes": [
            {
                "key": "Rewards",
                "value": "[{\"active\":true,\"collateral_type\":\"bnb-a\",\"available_rewards\":{\"denom\":\"ukava\",\"amount\":\"74000000000\"},\"duration\":\"60480… (1,981 characters)",
                "subspace": "incentive"
            }
        ],
        "description": "This proposal will reduce busd-a incentives for USDX minters from 37000 KAVA/week to 18500 KAVA/week and add hard-a incentives equal to 14400 KAVA/week. See https://medium.com/kava-labs/usdx-stability-mechanics-12bf23ed957b for detailed reasoning"
    },
    "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.