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KAVA $0.06807 0.01% Market cap $73.7M

Halves KAVA rewards for USDX minters and redirects those rewards to Hard protocol.

Proposal #46 on Kava

Kava network: Day Nov 4 · Healthy

Typical fee 0.005 KAVA

Overview

Updated

Passed

Voting ended
May 31, 2021
Opened May 24, 2021
Submitted
May 24, 2021
May 24, 14:59 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 20.2M KAVA
  • No 41.2K KAVA
  • No with veto 89.9 KAVA
  • Abstain 11.8M KAVA

Description

This proposal halves KAVA rewards given to USDX minters and redirects those rewards to suppliers to Hard protocol. Total KAVA rewards to USDX suppliers to Hard protocol are equal to 140,500 KAVA per week. For further information, see https://medium.com/kava-labs/kava-reward-updates-bffa64b88230

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": "Halves KAVA rewards for USDX minters and redirects those rewards to Hard protocol.",
        "changes": [
            {
                "key": "HardSupplyRewardPeriods",
                "value": "[{\"active\":true,\"collateral_type\":\"usdx\",\"start\":\"2020-10-16T14:00:00Z\",\"end\":\"2024-10-16T14:00:00Z\",\"rewards_per_second… (1,145 characters)",
                "subspace": "incentive"
            },
            {
                "key": "USDXMintingRewardPeriods",
                "value": "[{\"active\":true,\"collateral_type\":\"bnb-a\",\"start\":\"2021-04-08T15:00:00Z\",\"end\":\"2022-04-08T14:00:00Z\",\"rewards_per_secon… (1,114 characters)",
                "subspace": "incentive"
            }
        ],
        "description": "This proposal halves KAVA rewards given to USDX minters and redirects those rewards to suppliers to Hard protocol. Total KAVA rewards to USDX suppliers to Hard protocol are equal to 140,500 KAVA per week. For further information, see https://medium.com/kava-labs/kava-reward-updates-bffa64b88230"
    },
    "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.