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The Governance and Coordination Group proposed a plan (CP-4) to renew incentive rewards for the RWA Market on Aave by minting 100,000 CFG over 90 days, aiming to encourage stable yield earning and active participation in Centrifuge Governance. The proposal, which represents about 0.02% of the total supply, is under consideration and will be decided by CFG token holders through a Snapshot vote and, if passed, an on-chain vote.
The Governance and Coordination Group, represented by ImdioR and Rhano, proposed a technical plan (CP-4) to renew incentive rewards for the RWA Market on Aave. This proposal involves minting 100,000 CFG to be distributed over the next 90 days, starting from 5th January 20231. The RWA Market, a collaboration between Aave and Centrifuge, has maintained a strong narrative despite a significant drop in the total value locked (TVL) in DeFi over the past nine months1.
The proposed rewards aim to encourage stable yield earning and active participation in Centrifuge Governance. They will be distributed at a fixed rate of 1111 CFG per day across the AAVE Centrifuge market1. However, EzR3aL raised concerns about the timing of the proposal, suggesting that it might be more beneficial to wait for improved market conditions before renewing rewards2. In response, ImdioR highlighted the relative stability of the TVL in RWA compared to the general DeFi TVL3.
The proposal, if approved, will take approximately 28 days to pass, with the rewards being minted shortly thereafter1. ImdioR also noted the stability of Tinlake TVL, which has remained high, indicating that investors are seeking more stable and secure investments, such as RWA3. The proposal for distributing 100,000 CFG rewards, which represents approximately 0.02% of the total supply, is still under consideration and will be decided by CFG token holders through a Snapshot vote and, if passed, an on-chain vote4. EzR3aL, while acknowledging the stability of the market compared to DeFi markets, remained neutral on the proposal, suggesting that the rewards might not have a substantial impact under the current market conditions5.
Posted a year ago
Last reply a year ago
Summary updated 2 months ago
Last updated 06/12 00:43