Proposals of #159

Developer Royalties Update

Exec Legacy Content
passed
Expected result
Turnout / Quorum
62.29% / 20.00%
Voting start 2023.04.18 at 21:04:35
Voting end 2023.04.21 at 21:04:35
94.28%
472 082 208 stars
Yes
0.08%
377 442 stars
No
0.00%
16 stars
Veto
5.64%
28 261 283 stars
Abstain

Details

Proposer
-
Total deposit
20 000 stars
Submit time
2023.04.18 at 21:04:35
Deposit end time
2023.05.02 at 21:05:35

Description

As discussed here:

https://commonwealth.im/stargaze/discussion/9924-developer-royalties-update

Summary

This is to update the Developer Royalties distribution in order to provide a higher incentive for developers to build on Stargaze. This fee is included in the Fairburn mechanism when a developer's custom contract is utilized.

Currently:

How does Fair Burn work?

All fees received by Stargaze are 100% Fair Burned. That means when no developer royalty is present: -50% of $STARS are burned -50% STARS are returned to stakers

Developer royalties are within the first half, which means the current distribution looks like this: -10% dev royalties -40% burned -50% returned to stakers

Proposed:

When no developer royalty is present (No Change): -50% of $STARS are burned -50% of $STARS are returned to stakers

When Developer Royalties are present: -50% dev royalties -50% burned

Vote

Vote Yes: To update the Developer Royalty allocation to increase the incentive for developers to build on Stargaze.

Vote No: To keep the status quo.

Votes

Voter
Answer