In line with our DAO Governance decisions, new emissions on $GMI have been temporarily reduced by 75% compared to the initial emission schedule. This will ensure lower inflation and allow core protocol functions to work in a more optimized way, considering current adoption rate and market conditions.
Together with the improved FAM mechanics, which will help our stable coin maintain a firmer peg in less than ideal market conditions, the current rewards setup represents a more balanced and efficient way for getting the whole protocol stabilized before further expansion.
10% of the total protocol emissions will be redirected to $FAM. This percentage will be slowly reduced, according to the inflation rate, with the advance of time.
The new Rewards distribution plan will be as follows:
The complete schedule of rewards before reduce was as follows: