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KAVA $0.06827 0.70% Market cap $73.9M

Adjust HARD protocol supply and borrow rewards

Proposal #52 on Kava

Kava network: Day Nov 3 · Healthy

Typical fee 0.01 KAVA

Overview

Updated

Passed

Voting ended
Jul 7, 2021
Opened Jun 30, 2021
Submitted
Jun 30, 2021
Jun 30, 19:03 UTC
Deposit
1,000 KAVA
Type
Parameter change

Votes

  • Yes 40.2M KAVA
  • No 27.2K KAVA
  • No with veto 742 KAVA
  • Abstain 36.1K KAVA

Description

This proposal adjusts HARD protocol supply and borrow rewards. Supply rewards (annual) are 8M HARD for USDX, 2M HARD for BUSD, 4M HARD for HARD, 600K HARD for BTCB, BNB, and XRP, and 200K HARD for KAVA. Borrow rewards are 2M HARD for BUSD, 600K HARD BTCB, BNB, and XRP, and 200K HARD for KAVA. KAVA rewards for supplying USDX are unchanged.

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": "Adjust HARD protocol supply and borrow rewards",
        "changes": [
            {
                "key": "HardSupplyRewardPeriods",
                "value": "[{\"active\":true,\"collateral_type\":\"usdx\",\"start\":\"2020-10-16T14:00:00Z\",\"end\":\"2024-10-16T14:00:00Z\",\"rewards_per_second… (1,144 characters)",
                "subspace": "incentive"
            },
            {
                "key": "HardBorrowRewardPeriods",
                "value": "[{\"active\":true,\"collateral_type\":\"bnb\",\"start\":\"2021-07-07T19:00:00Z\",\"end\":\"2024-10-16T14:00:00Z\",\"rewards_per_second\":[{\"denom\":\"hard\",\"amount\":\"19025\"}]},{\"active\":true,\"collateral_type\":\"busd\",\"start\":\"2021-07-07T19:00:00Z\",\"end\":\"2024-10-16T14:00:00Z\",\"rewards_per_second\":[{\"denom\":\"hard\",\"amount\":\"63419\"}]},{\"active\":true,\"collateral_type\":\"btcb\",\"start\":\"2021-07-07T19:00:00Z\",\"end\":\"2024-10-16T14:00:00Z\",\"rewards_per_second\":[{\"denom\":\"hard\",\"amount\":\"19025\"}]},{\"active\":true,\"collateral_type\":\"xrpb\",\"start\":\"2021-07-07T19:00:00Z\",\"end\":\"2024-10-16T14:00:00Z\",\"rewards_per_second\":[{\"denom\":\"hard\",\"amount\":\"19025\"}]},{\"active\":true,\"collateral_type\":\"ukava\",\"start\":\"2021-07-07T19:00:00Z\",\"end\":\"2024-10-16T14:00:00Z\",\"rewards_per_second\":[{\"denom\":\"hard\",\"amount\":\"6341\"}]}]",
                "subspace": "incentive"
            }
        ],
        "description": "This proposal adjusts HARD protocol supply and borrow rewards. Supply rewards (annual) are 8M HARD for USDX, 2M HARD for BUSD, 4M HARD for HARD, 600K HARD for BTCB, BNB, and XRP, and 200K HARD for KAVA. Borrow rewards are 2M HARD for BUSD, 600K HARD BTCB, BNB, and XRP, and 200K HARD for KAVA. KAVA rewards for supplying USDX are unchanged."
    },
    "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.