Initia Foundation 🪢
22 posts
The Foundation acknowledges the community's concerns regarding the limited prior notice and opportunities for discussion for Proposal 39. Internal discussions are currently underway to evaluate next steps, and a detailed update will be provided within the next 24 hours. We- The Initia Foundation has published a governance update on the VIP Gauge Vote. Read the full forum post here:
- The Initia Foundation remains committed to fostering open discussion, acknowledging issues, and developing fair solutions with users in mind. Despite Prop 39 being in a passing state at writing, the Foundation has put forth a new proposal to correct the Staking Inflation rate.
- The Initia Foundation has put forth a proposal to use 500k INIT to bootstrap liquidity of 4 core LSTs on Initia DEX. - @milky_way_zone's milkINIT - @CabalVIP's xINIT - @Inertia_fi's sINIT - @dropdotmoney's deINIT Find more information in the Forum post: forum.initia.xyz/t/initia-found…
- Claims for the Initia Foundation's Unstaking Subsidy Plan are now open: app.initia.xyz Eligible users who were unstaking between June 2 and June 23 at 6:00 AM UTC can claim a partial subsidy for missed staking rewards. Claims will remain open until August 3rd at 12 PM
- Final Reminder: The Unstaking Subsidy claims have been extended for 24 hours. If you are eligible, be sure to claim by August 4rd at 1 PM UTC.Claims for the Initia Foundation's Unstaking Subsidy Plan are now open: app.initia.xyz Eligible users who were unstaking between June 2 and June 23 at 6:00 AM UTC can claim a partial subsidy for missed staking rewards. Claims will remain open until August 3rd at 12 PM
- As part of the Initia Foundation's Unstaking Subsidy Plan, users who were unstaking between June 2 and June 23 at 6:00 AM UTC will receive a partial subsidy for missed staking rewards. The amount subsidized is proportional to the time they were unstaking during this period. This
The Initia Foundation remains committed to fostering open discussion, acknowledging issues, and developing fair solutions with users in mind. Despite Prop 39 being in a passing state at writing, the Foundation has put forth a new proposal to correct the Staking Inflation rate. - We like the bribes. Starting tomorrow, the Initia Foundation’s VIP Bribe Match Program goes into effect. The Foundation will match 50% of all bribes on @CabalVIP with up to 5,000 INIT per appchain, per VIP stage.
- Replying to @initiaFDNGiven Cabal’s new Bribe Decay feature, only bribes made in the first 6 days of a VIP epoch will be matched by the Initia Foundation on the 7th day. This program begins with the VIP Stage 10 gauge vote and will continue until further notice.
- Replying to @initiaFDN and @0xJESSIE_*Claims will remain open until August 3rd at 1 PM UTC.
