Proposal Result Announced, Shiba Inu Community Votes in Support of Halting Bone Farming Rewards on ShibaSwap

DOGGY DAO BONE Farms Proposal Results: 98% of Voters Are Against Minting BONE For Shibarium.

DOGGY DAO: Bone Farms Proposal Results released.

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— Shib (@Shibtoken) June 27, 2022

BONE Rewards on ShibaSwap are almost ending as Shiba Inu Community has made a key decision on “Community Voice: BONE Farms Proposal.”

The team behind the most popular dog-themed cryptocurrency has recently announced the final results of the proposal. The Community preferred to stop all BONE farming upon reaching 230 million minted coins and save the remainder for Shibarium validators.

Shiba Inu’s team has revealed the final “Community Voice: BONE Farms Proposal” results through a medium post.

According to the details, a total of 1,647 votes have been cast. Out of which 97.88% were in favor of halting rewards. In contrast, only 2.12% of voters favored over-minting 20 million additional BONE tokens, increasing the total circulating supply cap from 250 million to 270 million.

The BONE Farms Proposal went live on June 19th and was scheduled to end in seven (7) days. While launching the proposal, the Shiba Inu team published a blog post to explain how BONE will fit into the Shibarium Layer-2. “Validators get rewarded in $BONE for their work,” it said. “To develop Shibarium and reserve BONE for validator roles, we require safeguarding 20 million BONE.”

The Shiba Inu team provided the community with two possible options.

“OPTION A – Stop BONE farms when they reach 230M minted Bones to save the remaining 20M for validators.

OPTION B – Over-minting 20M Bone more (increasing the total cap from 250M to 270M) to distribute them over the future.”

The community selected Option A with 87% votes in favor.


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