LUCRA PROTOCOL
Search…
⌃K

Modify NEP Distribution for Lucra Protocol

The Modify NEP Distribution poll can be used to submit polls that adjust parameters related to borrower NEP distribution. NEP distribution to borrowers are controlled by 3 parameter values, Borrower Emission Cap, Increment Multiplier, and Decrement Multiplier.
Calibration of the borrower NEP emission rate will be used to control stablecoin borrow demand, which in turn affects the stablecoin deposit rate. The emission rate will be 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 NEP 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 NEP incentives for borrowers.
Parameter Name
Value
Borrower Emission Cap
Maximum per-block NEP emission rate to borrowers
Borrower Emission Floor
Minimum per-block NEP emission rate to borrowers
Increment Multiplier
Emission rate multiplier when increasing NEP emission
Decrement Multiplier
Emission rate multiplier when decreasing NEP emission

Genesis Values

Parameter Name
Value
Borrower Emission Cap
21381363.851572310123647620
Borrower Emission Floor
6893787.950524103374549206
Increment Multiplier
1.127266723782294841
Decrement Multiplier
0.994083359275160

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