Proposal #53
Limit voting power of Interlay team and investors ahead of token distribution
Democracy
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Tabled

This proposal implements a restriction of voting power for four years for team and investors to ensure that Interlay decisions are fully decentralized.

Background

Since both vested and unvested tokens can participate in voting, the Interlay team and investors introduce additional restrictions on their own voting power during the first four years after network launch. Specifically: while the community can use 100% of their vested and unvested INTR to vote, team and investors can only use a portion of their INTR (which is subject to lockup and vesting) to participate in governance - increasing linearly over four years.

Voting Power Distribution

See https://docs.interlay.io/#/interlay/governance?id=voting-power-distribution

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Metadata
hash
0xfab709271b35ade3590eb55ebdd9fdfa5a6c6a92b64367381c1db8415ffce5f9
deposit
0 INTR
proposer
Call
Table
Json
Invalid image
TimelineLatest activity undefined
2023-05-12 10:11:12
Proposed
Index
#53
2023-05-15 09:00:12
Tabled
Referenda Index
#52
Deposit
250 vINTR
Depositors
2023-05-15 09:00:12
Started
referendumIndex
52
voteThreshold
SuperMajorityApprove
2023-05-23 18:00:00
Passed
referendumIndex
52
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