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Title: Support LAY Emission from Starlay’s Treasury
Date: April 1st, 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
- 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.