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KAVA $0.0682 up 0.19% Market cap $73.8M

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

Proposal #47 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.0133 KAVA

Overview

Updated

Passed

Voting ended
Jun 10, 2021
Opened Jun 3, 2021
Submitted
Jun 3, 2021
Jun 3, 16:43 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 38.6M KAVA
  • No 14.6K KAVA
  • No with veto 45.6K KAVA
  • Abstain 339 KAVA

Description

This proposal removes 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 270,100 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": "Removes 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": "[]",
                    "subspace": "incentive"
                }
            ],
            "description": "This proposal removes 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 270,100 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.