Canto Public

Posted on Nov 16, 2023Read on Mirror.xyz

Proposals Call To Reduce LM and Security Incentives by 10%

Three separate governance proposals will be submitted at 10:30 AM ET on Friday, November 17 with the following outcomes if passed:

  • Set new liquidity mining incentives to be reduced by 10%

  • Fund liquidity mining incentives for the next period

  • Reduce security emissions by exactly 10%

The proposals will take effect immediately upon passing. If passed, the liquidity mining rewards will be:

  • CANTO/NOTE: 6.114 CANTO per block

  • ETH/CANTO: 2.469 CANTO per block

  • ATOM/CANTO: 2.469 CANTO per block

  • NOTE/USDC: 0.441 CANTO per block

  • NOTE/USDT: 0.441 CANTO per block

  • cUSDC: 0.118 CANTO per block

  • cUSDT: 0.118 CANTO per block

If passed, security emissions will be 2.498 CANTO per block.

cNOTE/USDC emissions on Ambient Finance will remain unchanged.