Proposal #53
Referendum #52
Limit voting power of Interlay team and investors ahead of token distribution
Democracy
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Passed

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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Votes
AyePassing thresholdNay
100%0%
Aye
170.22K vINTR
Nay
0  vINTR
Turnout
170.22K vINTR
Electorate
0  vINTR
Passed
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