Cast your vote in FIL-Poll on FIP0036 inclusion in the Filecoin Network by 2022-09-28 22:00 (UTC)!

What is FIP0036?

  • FIP0036 looks to tune up the Filecoin network’s tokenomics and incentive structure. 

  • This proposal introduces incentives for longer-term storage commitments and potentially more favorable locked value (TVL) dynamics, which could  contribute to overall network utility, stable circulating supply dynamics, and Storage Provider profitability and optionality.

  • The two primary ways it seeks to achieve this is by: 

    • Introducing a sector duration multiplier to incentivize longer term sector commitment to the network

    • Adjusting the Sector Initial Pledge to target a higher percentage (50%) of circulating token supply 

  • For more information on the proposal, please refer to the FIP0036 draft for community consideration here.

Why does FIP0036 matter? 

  • It may be vital to support the network’s stability and TVL dynamics amidst a potentially extended crypto winter or global macroeconomic downturn

  • Longer-term incentives for storage commitments can further align the Filecoin network’s cryptoeconomics with its mission to be a data storage network for humanity’s most important information 

Who Can Vote? 

  • Any Token Holder, Storage Provider, or Deal Client can vote!

  • This Poll will determine FIP0036’s eventual inclusion or exclusion in the upcoming Filecoin network upgrade. If failed, these changes to Filecoin’s tokenomics may not be reconsidered

Where Can I Vote? 

Please cast your vote with the instructions here. The poll closes on September 28, 2022 at 22:00 (UTC). Real-time voting results can be viewed here.

This information is intended to be used for informational purposes only. It is not investment advice. Although we try to ensure all information is accurate and up to date, occasionally unintended errors and misprints may occur.

Keep Reading

No posts found