Resupport LAY Emission from Starlay’s Treasury

Discussion
1

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Title: Resupport LAY Emission from Starlay’s Treasury

Date: Sep 25, 2024

Proposed by: Starlay Chan Initiative (SCI)

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Summary

  • We proposed extra 6 months emission in Mar and distribute till Sep
  • So the emission of LAY will conclude in Sep, leaving Oct without incentive distribution.
  • To bridge this gap, we propose distributing rewardf over the next six months.
  • We aim to distribute a total of 17,336,130 LAY from the Treasury over the six months.

Specification

Process

Next Steps

  • Initiate a comprehensive discussion within the community to solicit feedback on the proposal.
  • Evaluate and refine the proposal based on suggestions and alternative options raised during community discussions.
  • Proceed to the signaling phase to gauge community support.
2

It looks like a reasonable proposal to keep Starlay active. However I think it would be beneficial to clarify the possible advantages on Neemo for LAY holders (and communicate more on that) to minimize the possible resulting selling pressure on LAY.

1 Like
3

@Ipchess
Thanks for your reply! It makes sense that we should explain the benefits for LAY holders in Neemo. However, details regarding the token distribution—such as the amount, calculation, cliff, lockup, etc.—are still unclear and will take some time to finalize, as there are many factors to consider, even though the Neemo token distribution to LAY holders has already been decided. I’ll keep the community member posted. Thanks