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Mint mining reward from bridge - motion #63
5mos ago
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NotPassed

According to the announcement of Gemini launch, we should transfer 226,800,000 PHA to Khala for the first year mining reward. We should move the token from the reservation on Ethereum to the bridge, and release the same amount from the bridge on Khala to the reward pool. Typically this can be done with a single bridge transfer. However it's not the case this time.

When Khala was launched, we have established a imbalanced bridge -- instead of minting the full 1B PHA on Khala, we only minted the amount that will be used on Khala. Specifically, among the 70% mining reward, only 1% was minted on Khala since the other 69% was not supposed to be used there. It was done for better security. However, now we are going to charge the mining reward pool with the PHA in the remaining of the reservation on Ethereum. So we need to mint the corresponding token to balance the bridge.

This motion mint 226,800,000 PHA to a temporary account, and immediately transfer all of them to the mining reward pool account.

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Metadata
Proposer
Hash
Delay
02022-04-15 00:46:30
End
02022-04-15 00:46:30
Threshold
Call
Table
Json
callIndex0x0302
sectionutility
methodbatchAll
args
calls
0
callIndex0x2801
sectionbalances
methodsetBalance
args
who
id44HoscLr5ot1yTvUY3UqBNLjw6SZMSvT35mxcQB7N1EYJpFC
newFree226800000000000000000
newReserved0
1
callIndex0x2802
sectionbalances
methodforceTransfer
args
source
id44HoscLr5ot1yTvUY3UqBNLjw6SZMSvT35mxcQB7N1EYJpFC
dest
id436H4jat7TobTbNYLdSJ3cmNy9K4frmE4Yuc4R2nNnaf56DL
value226800000000000000000
TimelineLatest activity 5mos ago
2022-04-14 18:11:12
Started
referendumIndex
30
voteThreshold
SimpleMajority
2022-04-15 00:46:30
NotPassed
referendumIndex
30
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