Fund the iFi dex incentives contract
Details
Description
This proposal will transfer 18,000 Althea to the iFi dex incentives contract https://explorer.althea.link/address/0x0Bd052f170f567bA672BD4613f0Bb743CcD099dA this is a governance owned contract that manages incentives for pools on the iFi dex. This proposal will fund the contract with 1 month worth of rewards at the rate currently proposed on the forum https://forum.althea.net/t/ifi-dex-incentives-and-inflation-parameters/742.
The rewards contract is verified and has been made to comply with best practices but has not been audited. Due to the design of the iFi dex https://blog.althea.net/expanding-ifi-dex-open-rewards-on-althea-l1/ the security of the rewards contract has no impact on the security of funds in the dex, but rewards tokens in the smart contract are still vulnerable to a potential flaw. To reduce risk a relatively small amount is being sent to start. In the future governance proposals can become less frequent as confidence increases.
This proposal does not create the incentives program. Voting yes on this proposal indicates agreement with the amount of incentives and the smart contract risk but does not lock in how incentives are distributed.
Votes