AIP-15.5: 新しい報酬の財源(Perp, AF2.0)

Sources for the incentives

Based on the result of the 3rd and 4th vote, we will need a total of 1,750,000 ALPACA

  • 850,000 ALPACA for Perp

  • 900,000 ALPACA for AF2.0 Money Market

We will prioritize using ALPACA from the sources that are already available first.

First priority

  • Liquidation treasury

  • Early withdrawal treasury

  • Unclaimed ITAM rewards

Based on the current assets’ price, these three sources already add up to ~2 million ALPACA, which is sufficient for the voted amount (1.75 million.) See here.

However, there is a chance that some of the ITAM rewards will be claimed before the deadline (15th March), dropping the ALPACA amount below what is required. Thus, this vote will focus on the secondary sources, as contingencies, in case there is a shortfall.

The options are:

  • February emission - Since we will not know if there will be a shortfall until mid March, if the community decides to pause February emission (~240k ALPACA), we will stop the emission in February, and reserve them for incentives. If they are not required, the community can later decides what to do with the amount - e.g., resume emission, burn, reserve as incentives for future products, etc.

  • Buyback and burn - We would only pause the burn in March if there is a shortfall

  • Governance Vault - We would only redirect a portion of the Governance Vault’s distribution in March if there is a shortfall

  • Warchest - Will only mint warchest if the above three sources are not enough to cover the amount required

Voting

We will use the “Approval” voting system for this AIP. Please read the details below carefully since this system is different from the single choice voting we typically do.

  • Option1: February Emission

  • Option2: Buyback and Burn

  • Option3: Governance Vault Distribution

  • Option4: Warchest

You may select ("approve") any number of choices, other choices that you DO NOT select are automatically considered as NOT approved.

Example:

  • Alice selects to approve February emission and Buyback and Burn in her vote. This means she approves these two options and automatically disapprove the use of Governance Vault Distribution and Warchest

Choices with greater than 50% approval votes will be used as funding sources, but ONLY in the case there is a shortfall. Choices with less than 50% approval votes will NOT be used as funding sources.

Resolution:

  • The community voted to approve February emission as funding source.

  • In total, 2,470,604 ALPACA was collected for the Perp and AF2.0 product launch incentives.

    • 350,381.7 ALPACA was collected from February emission (Transaction can be found here).

    • 1,542,758 ALPACA was collected from unclaimed ITAM rewards (Address storing the token can be found here).

    • 305k ALPACA + $2.7k USD in other assets were collected from Liquidation Treasury (Address storing the tokens can be found here).

    • 271k ALPACA was collected from early withdrawal fees (Address storing the token can be found here).

  • The extra ~370k ALPACA from liquidation treasury, early withdrawal fee, and Unclaimed ITAM rewards plus ~350k ALPACA from February emission was not needed for Perp and AF2.0 incentives which the community decided to reserve for future initiatives / product launches as per AIP-17.

References:

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