Modify ANC Parameters

This poll type is yet to be supported by the official Anchor WebApp.

The Modify ANC Parameters poll enables users to submit governance polls that adjust parameter values that affect the Anchor Token (ANC).

Epoch Period is the the minimum time delay required between subsidization events, which handle reward claiming of bAsset collaterals, direct deposit rate subsidization, and readjusting the ANC emission rate based on the current deposit rate.

The ANC Purchase Factor determines the portion of bAsset rewards and collateral liquidation fees (bid fee) that is used to purchase ANC tokens.

Staking Reward Factor defines the portion of purchase ANC tokens that are distributed as staking rewards to stakers of ANC.

Parameter Name	Description
Epoch Period	Minimum time between operations for bAsset reward collection, deposit rate subsidization, and ANC emission rate adjustment
ANC Purchase Factor	Portion of bAsset rewards and collateral liquidation fees (bid fee) used to purchase ANC
Staking Reward Factor	Portion of purchased ANC distributed as staking rewards to ANC stakers

Parameter Values

Up-To-Date

Parameter Name	Human-Readable Value	Raw Value (In Contract State)
Epoch Period	3 hours	1681 (blocks)
ANC Purchase Factor	10%	0.1
Staking Reward Factor	100%	1

At Protocol Genesis

Parameter Name	Human-Readable Value	Raw Value (In Contract State)
Epoch Period	3 hours	1681 (blocks)
ANC Purchase Factor	10%	0.1
Staking Reward Factor	100%	1

Poll Format

Field	Description	Optionality
Title	Poll title	Required
Proposal Rationale	Short description of poll rationale	Required
Information Link	External URL for further information	Optional
Epoch Period	Proposed minimum time between operations for bAsset reward collection, deposit rate subsidization, and ANC emission rate adjustment	Optional
ANC Purchase Factor	Proposed portion of bAsset rewards and collateral liquidation fees (bid fee) used to purchase ANC	Optional
Staking Reward Factor	Proposed portion of purchased ANC distributed as staking rewards to ANC stakers	Optional