UMIP 174 - Update UMA emission rate

Admin-UMA · May 1, 2023, 5:23pm

This UMIP proposes to set a new emission rate for the VotingV2 contract at 0.18 UMA per second.

UMAprotocol/UMIPs/blob/master/UMIPs/umip-174.md

## Headers

| UMIP-174   |                                                                                        |
| ---------- | -------------------------------------------------------------------------------------- |
| UMIP Title | Update UMA emission rate                                                               |
| Authors    | Reinis Martinsons (reinis@umaproject.org)                                              |
| Status     | Draft                                                                                  |
| Created    | March 06, 2023                                                                         |
| Discussion | [Discourse](https://discourse.uma.xyz/t/feat-update-uma-emission/1940)                 |

## Summary

This UMIP proposes to set a new emission rate for the VotingV2 contract at 0.18 UMA per second.

## Motivation & Rationale

When upgrading the DVM system following [UMIP-173](https://github.com/UMAprotocol/UMIPs/blob/master/UMIPs/umip-173.md),
 the emission rate was initially set to zero. This was done to ensure fair participation when staking UMA tokens at the
 VotingV2 contract so that everyone has sufficient time to familiarize themselves with the new system and to ensure that
 no one can make outsized returns by staking early.

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