Second Emissions Range Adjustment and Compensation for Emissions Committee

For the last 3 months, Emissions have remained stagnant. Emissions were progressively lowered since the introduction of the Emissions Range Adjustment Proposal in July 2023. Once they met the lower bound, they remained unchanged. After 3 months of no changes, it is clear there is room for adjustments.

There are several reasons for the Emissions Range Adjustment, including the conclusion on a recent analysis that the MIN/ADA Pool is too heavily incentivized, Minswap not being in a Bootstrapping Phase anymore, or the future changes in which Minswap aims to use other ways to attract and incentivize liquidity.

This Proposal aims to introduce 3 measures:

1. Lower the lower Bound of Emissions by 40% reduce from the minimum cap of 333,333 MIN a day, to 200,000 MIN a day. This is an adjustment to the range of the emissions rate, it does not necessarily mean that the lowest rate will be implemented.

2. Lower the higher Bound of Emissions by 25%: reduce from the maximum cap of 666,666 MIN a day, to 500,000 MIN a day.

3. Implement a structure for the Emissions committee: define a series of outputs (such as an Emissions Dashboard, a Mandate, bi-weekly rate adjustments) and a series of compensations linked to it.

For a full breakdown of the reasoning behind each measure, how the Proposal was improved through community feedback and the details behind how each measure is to be implemented, please view the original Forum Post.