We are thrilled to share that The Burn Gauge has officially emerged as the winner following the final tally of the $RSR unlocking votes. Because of this decision, future unlocking will be directly connected to the protocol burn through a specific gauge, which RSR holders will be responsible for adjusting on a quarterly basis.
The inaugural gauge vote is scheduled to launch on Friday, Sep. 18, and will remain active for a duration of seven days. This process will utilize ranked choice voting to evaluate five distinct positions. Participants can select options ranging from High Burn, a setting where the protocol burn destroys treasury RSR and nothing unlocks, all the way to High Growth, which dictates that 1 RSR burned will unlock 4.
We want to extend a massive thank you to everyone who participated by casting a ballot for both proposals, as your engagement ensured that each option successfully achieved quorum.
If you wish to learn more about how the burn gauge functions before this first voting period begins, please review the complete information here: https://forum.reserve.org/t/proposal-rsr-burn-gauge-vs-milestone-plan/1630
The inaugural gauge vote is scheduled to launch on Friday, Sep. 18, and will remain active for a duration of seven days. This process will utilize ranked choice voting to evaluate five distinct positions. Participants can select options ranging from High Burn, a setting where the protocol burn destroys treasury RSR and nothing unlocks, all the way to High Growth, which dictates that 1 RSR burned will unlock 4.
We want to extend a massive thank you to everyone who participated by casting a ballot for both proposals, as your engagement ensured that each option successfully achieved quorum.
If you wish to learn more about how the burn gauge functions before this first voting period begins, please review the complete information here: https://forum.reserve.org/t/proposal-rsr-burn-gauge-vs-milestone-plan/1630