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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
Last modified 3mo ago