The community has spoken: sDFIP results
Voting for the proposal Special DFIP: Strengthening the Community Fund, ended at block height 5,402,147.
🟢 Yes Votes: 3,215 (95.26%)
⚪️ Neutral Votes: 87 (2.58%)
🔴 No Votes: 73 (2.16%)
✅ The proposal reached the minimum approval rate of 66.67%.
✅ The proposal reached the minimum of 1,594 votes.
How does this affect DeFiChain?
The SDFIP has already been implemented. Adjustments to the BBB when the DUSD–DFI ratio is below 1:4 are ongoing. At the time of posting, 1 dUSD equals 5.08 DFI.
Before the implementation of this proposal, only a negligible amount of DFI was entering the Community Fund. With its approval, approximately 58,200 DFI per day from block rewards is now directed to the fund.
It is important to note that this number changes based on two factors:
1️⃣ The dUSD-DFI price ratio
According to the proposal, BBB block rewards will continue to be redirected to the Community Fund as long as dUSD remains above 4 DFI. Otherwise, some or all of the block rewards will be used to buy and burn dUSD.
2️⃣ Decreasing block rewards
Every 32,690 blocks (≈ 11.4 days), block rewards decrease by 1.658%, which directly reduces the amount flowing into the Community Fund.
The approval of this proposal ensures that the Community Fund is replenished and remains available to finance activities that benefit DeFiChain.
📖 More details about the proposal:
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