Canto Public

Posted on Oct 09, 2023Read on Mirror.xyz

Proposals Call To Reduce LM Incentives by 20%

Three separate governance proposals will be submitted at 11:30 AM ET on Wednesday, October 11 with the following outcomes if passed:

  • Set new liquidity mining incentives to be reduced by 20%

  • Fund liquidity mining incentives for the next period

  • Reduce security emissions by exactly 20%

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

  • CANTO/NOTE: 6.793 CANTO per block

  • ETH/CANTO: 2.743 CANTO per block

  • ATOM/CANTO: 2.743 CANTO per block

  • NOTE/USDC: 0.490 CANTO per block

  • NOTE/USDT: 0.490 CANTO per block

  • cUSDC: 0.131 CANTO per block

  • cUSDT: 0.131 CANTO per block

If passed, security emissions will be 2.776 CANTO per block.