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Title: Support LAY Emission from Starlay’s Treasury
Date: April 5st, 2024
Proposed by: Starlay Chan Initiative (SCI)
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Summary
- The emission of LAY concluded in March, leaving April without incentive distribution.
- To bridge this gap, we propose distributing the March emission amount over the next six months.
- This six-month period provides ample time until the new protocol is launched on the mainnet.
- With March 2024’s emission being 2,889,355 LAY, we aim to distribute a total of 17,336,130 LAY from the Treasury over the six months.
Specification
Process
- Withdraw 17,336,130 LAY from DeBank | The Web3 Messenger & Best Web3 Portfolio Tracker.
- Deposit the LAY into Starlay’s Incentive Controller.
Next Steps
We will put the proposal to a vote via Snapshot in 3 days
Voting Schedule
Snapshot Voting: 8th Apr, 09:00 UTC - 11th Apr, 09:00 UTC.
Link: Snapshot
Voting Option
YES - Approve the proposal
NO - Reject the proposal