# Modify ANC Distribution

The **Modify ANC Distribution** poll can be used to submit polls that adjust parameters related to borrower ANC distribution. ANC distribution to borrowers are controlled by 3 parameter values, `Borrower Emission Cap`, `Increment Multiplier`, and `Decrement Multiplier`.

Calibration of the borrower ANC emission rate is used to control stablecoin borrow demand, which in turn affects the stablecoin deposit rate. The emission rate is adjusted based on the relation between the current deposit rate and the target deposit rate.

If the current deposit rate is calculated to be below the target, the borrower ANC emission rate is increased by a factor of `Increment Multiplier`. Otherwise, if the current deposit rate is above the target, the emission rate decreases by a factor of `Decrement Multiplier`.

To prevent the emission rate from spiking and having an excessively high rate, the emission rate is capped to the `Borrower Emission Cap`. The emission rate also has a minimum rate of `Borrower Emission Floor` to allow a minimum baseline of ANC incentives for borrowers.

| Parameter Name            | Value                                                 |
| ------------------------- | ----------------------------------------------------- |
| `Borrower Emission Cap`   | Maximum per-block ANC emission rate to borrowers      |
| `Borrower Emission Floor` | Minimum per-block ANC emission rate to borrowers      |
| `Increment Multiplier`    | Emission rate multiplier when increasing ANC emission |
| `Decrement Multiplier`    | Emission rate multiplier when decreasing ANC emission |

## Parameter Values

### Up-To-Date

| Parameter Name            | Human-Readable Value | Raw Value (In Contract State) |
| ------------------------- | -------------------- | ----------------------------- |
| `Borrower Emission Cap`   | \~20 ANC / block     | 20381363.851572310123647620   |
| `Borrower Emission Floor` | \~6.8 ANC / block    | 6793787.950524103374549206    |
| `Increment Multiplier`    | 50% increment / week | 1.007266723782294841          |
| `Decrement Multiplier`    | 15% decrement / week | 0.997102083349256160          |

### At Protocol Genesis

| Parameter Name            | Human-Readable Value | Raw Value (In Contract State) |
| ------------------------- | -------------------- | ----------------------------- |
| `Borrower Emission Cap`   | \~20 ANC / block     | 20381363.851572310123647620   |
| `Borrower Emission Floor` | \~6.8 ANC / block    | 6793787.950524103374549206    |
| `Increment Multiplier`    | 50% increment / week | 1.007266723782294841          |
| `Decrement Multiplier`    | 15% decrement / week | 0.997102083349256160          |

## Poll Format

| Field                   | Description                                                | Optionality |
| ----------------------- | ---------------------------------------------------------- | ----------- |
| Title                   | Poll title                                                 | Required    |
| Proposal Rationale      | Short description of poll rationale                        | Required    |
| External Link           | External URL for further information                       | Optional    |
| Borrower Emission Cap   | Proposed maximum per-block ANC emission rate to borrowers  | Optional    |
| Borrower Emission Floor | Proposed minimum per-block ANC emission rate to borrowers  | Optional    |
| Increment Multiplier    | Proposed emission rate multiplier when increasing emission | Optional    |
| Decrement Multiplier    | Proposed emission rate multiplier when decreasing emission | Optional    |


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.anchorprotocol.com/anchor-2/protocol/anchor-governance/modify-the-distribution-model.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.