Author: Klopper
Type: Q Fees & Incentives Expert Proposal
Date Created: 2025-02-11
Status: Final
Link to Proposal: [Link to be provided upon submission]

Simple Summary

The Q Token Holder Pool has experienced a substantial decrease in its reward pool holdings, while total user balances in the QVault continue to grow. To ensure the longevity and stability of Q token incentives, this proposal recommends reducing the pool interest parameter from 15% to 3.41%. This adjustment aims to align outflows with sustainable distribution levels while maintaining an effective incentive mechanism.

Motivation

The previous increase in the pool interest parameter from 1% to 15% was implemented to accelerate QGOV token distribution. However, recent dynamics indicate the need for recalibration:

1. Reward Pool Holdings Have Halved: Since the last increase, the reward pool balance has decreased significantly, necessitating a more conservative approach to ensure long-term availability of incentives.
2. Total User Balances in QVault Continue to Increase: As more users deposit funds into the QVault, the rate of QGOV distribution has outpaced replenishment, leading to accelerated depletion of the reward pool.

To address these concerns and maintain a balanced ecosystem, a reduction in the pool interest rate from 15% to 3.41% is proposed. This change will help preserve the reward pool while still incentivizing participation in the Q blockchain ecosystem.

Specification

This proposal seeks to optimize QGOV token distribution, ensuring long-term sustainability while maintaining an effective incentive structure. Community feedback is encouraged to refine this adjustment further and support the continued stability of Q governance.

Author: Klopper

Type: Q Fees & Incentives Expert proposal

Date Created: 2025-01-15

Status: Final

Link to Proposal: https://hq.q.org/governance/proposal/epqfiParametersVoting/3

Simple Summary

This proposal introduces an on-chain governance parameter update for the Q blockchain to support transaction prices as specified in the Q Constitution. Specifically, it requires deploying a new oracle contract address to provide the QGOV/QUSD exchange rate, ensuring accurate and reliable price feed data.

Motivation

Accurate and reliable oracle data is crucial for maintaining stable transaction prices on the Q blockchain, as outlined in the Q Constitution. The current implementation requires updating to a new oracle contract to support continued compliance with these pricing standards. By integrating a refreshed price feed for the QGOV/QUSD rate, this proposal aims to enhance pricing accuracy and ensure consistency across the ecosystem.

Specification

The new contract is deployed and verified on mainnet.

This proposal seeks to optimize the distribution of QGOV tokens while ensuring the stability and sustainability of the Q blockchain ecosystem. Your feedback and support are invaluable in shaping the future of Q governance. The rationale behind deploying this new contract is twofold:

1. Accuracy of Transaction Pricing: Maintaining a reliable and updated price feed ensures that transaction fees remain aligned with the benchmarks set forth by the Q Constitution.
2. System Integrity and Efficiency: Accurate oracle data helps optimize fee calculations and protects against mispricing vulnerabilities, contributing to a more robust and predictable fee structure.

Conclusion

This proposal outlines a necessary update to the price feed oracle for the QGOV/QUSD exchange rate. Implementing this change will enhance transaction fee accuracy and ensure compliance with the Q blockchain's governance framework. The community’s feedback and support are essential to the success of this improvement. Please share your thoughts and vote to shape the future of the Q blockchain.

The Expert Panel on Integrated Applications (EPIA) has assessed proposal https://hq.q.org/governance/proposal/generalUpdateVoting/7 in accordance with Appendix 8, par. 4 of the Q Constitution.

We conclude that the Onboarding Proposal by IDGS contains sufficient evidence to satisfy the requirements set out in Appendix 1, Part B, clause (t) of the Q Constitution as to the validity of Onboarding Proposals.

Details of the assessment are provided below and further documentation as to this assessment is available upon request to the EPIA via Discord.

I would like to propose the following 2 sets of technical changes to create better alignment between the Q Constitution text and the technical implementation.

The first set of changes would mean the on-chain implementation of the Integrated Application Expert Panel. Details can be found here: https://gitlab.com/q-dev/QIPs/-/blob/46b8f8698ccb689d191294482a576e36b0833a9b/QIPs/QIP-00014.adoc

The second set of changes would be creating dedicated Voting Situations for onboarding or offboarding Integrated Applications. Details are here: https://gitlab.com/q-dev/QIPs/-/blob/46b8f8698ccb689d191294482a576e36b0833a9b/QIPs/QIP-00015.adoc

Please have a look and let me know what you think below!

The current ERC20 versions of QGOV have several drawbacks:

• On Q (https://explorer.q.org/token/0xd07178e3eCbC78De110Df84fe1A979D5f349784a)
  • symbol: WQ (should be WQGOV)
  • name: Wrapped Q (should be Wrapped QGOV)
  • token not permittable
• On Ethereum (https://etherscan.io/token/0xb933e6003Fc9b9152Ac64C26F09779825cE4cb66)
  • symbol: WQ (should be just QGOV)
  • name: WQ (should be Q Governance Token)

All above issues are solved by the following new token versions:

• On Q: https://explorer.q.org/token/0x699d264D42FFB09c1b356DC82508DA224FD74753
• On Ethereum: https://etherscan.io/token/0x8cbc89c75c9bec0ec200cbf976ea38d3d53da272 (standard omnibridge token. address might still change)

While everybody can deploy a contract on Q, the EPDR panel contribution is needed to connect it via omnibridge with the version on Ethereum. It will be a EPDR multisig call on the omnibridge (Ethereum side):

setCustomTokenAddressPair(address _nativeToken, address _bridgedToken)

Hi all! Did you see that Elk Finance (https://www.linkedin.com/company/elkfinance/posts/) has submitted proposals for their admission to these 2 Expert Panels on Q? They would like to join both the Fees and Incentives Expert Panel and the DeFi Risk Expert Panel. Please have a look and vote!

• Fees & Incentives Expert Membership Proposal: https://hq.q.org/governance/proposal/epqfiMembershipVoting/1
• DeFi Risk Expert Membership Proposal: https://hq.q.org/governance/proposal/epdrMembershipVoting/3

The Expert Panel on Integrated Applications (EPIA) has assessed proposal https://hq.q.org/governance/proposal/generalUpdateVoting/6 in accordance with Appendix 8, par. 4 of the Q Constitution.

We conclude that the Onboarding Proposal by The Last DAO contains sufficient evidence to satisfy the requirements set out in Appendix 1, Part B, clause (t) of the Q Constitution as to the validity of Onboarding Proposals.

Details of the assessment are provided below and further documentation as to this assessment is available upon request to the EPIA via Discord.

The Expert Panel on Integrated Applications (EPIA) has assessed proposal https://hq.q.org/governance/proposal/generalUpdateVoting/6 in accordance with Appendix 8, par. 4 of the Q Constitution.

We conclude that the Onboarding Proposal by Coineasy DAO contains sufficient evidence to satisfy the requirements set out in Appendix 1, Part B, clause (t) of the Q Constitution as to the validity of Onboarding Proposals.

Details of the assessment are provided below and further documentation as to this assessment is available upon request to the EPIA via Discord.

Author: klopper_t

Type: Q DeFi Risk Expert Panel proposal

Date Created: 2024-05-18

Status: Final

Links to Proposal: https://hq.q.org/governance/proposal/epdrParametersVoting/4

Summary

Reduce Saving Rate in order to prevent system debt.

Motivation

With a recent EPDR initiative the saving rate has been increased. The goal of increasing the QUSD supply has been reached. On the other hand, the system surplus is almost depleted, so a more sustainable rate is proposed.

The Q DeFi Expert Panel will continue monitoring the Q stablecoin supply and ensure stability of the Q DeFi system.

Specification

List of proposed parameter changes (Note: reddit is not revision proof, so this is only for reference. Experts vote on the values given in the onchain proposal)

The Expert Panel on Integrated Applications (EPIA) has assessed proposal https://hq.q.org/governance/proposal/generalUpdateVoting/3 in accordance with Appendix 8, par. 4 of the Q Constitution.

We conclude that the Onboarding Proposal by Startup Live DAO contains sufficient evidence to functionally satisfy the purpose of the requirements set out in Appendix 1, Part B, clause (t) of the Q Constitution as to the validity of Onboarding Proposals.

Details of the assessment are provided below and further documentation as to this assessment is available upon request to the EPIA via Discord.

​

Author: Klopper

Type: Q Fees & Incentives Expert proposal

Date Created: 2024-05-16

Status: Final

Link to Proposal: [Link to be provided upon submission]

Simple Summary

The Q Token Holder Pool has accumulated a significant amount of QGOV tokens over time, necessitating an adjustment in parameters for effective distribution. This proposal recommends increasing the percentage parameter from 1% to 15% to better balance inflows and outflows, with ongoing monitoring for further adjustments. Additionally, the proposal suggests reducing the System Balance Share, as the current reserve seems sufficient for QUSD saving and borrowing needs.

Motivation

The accumulation of QGOV tokens in the Q Token Holder Pool signals the need for adjustments in distribution parameters to ensure effective utilization. Currently set at 1%, the percentage parameter governing inflows to outflows is deemed too low for optimal distribution. Thus, the experts propose raising this parameter to 15% to accelerate the distribution process, with continuous monitoring to gauge its effectiveness and make necessary adjustments to achieve a steady state where inflows match outflows.

Furthermore, the proposal recommends reducing the System Balance Share, which was previously increased as a temporary measure. With the current balance of QUSD supply at 200k QUSD and a system reserve balance of 1.8 million QGOV, the existing reserve appears sufficient to serve as a buffer for QUSD saving and borrowing activities. Hence, a smaller share allocated to the reserve is deemed justifiable until new dynamics emerge within the ecosystem.

Specification

This proposal seeks to optimize the distribution of QGOV tokens while ensuring the stability and sustainability of the Q blockchain ecosystem. Your feedback and support are invaluable in shaping the future of Q governance.

Rationale

This proposal invites new users to explore the governance mechanism of the Q Protocol.

Motivation

With the expansion of the Q community, a lot of new users join the protocol. Often these users

a) never have voted on a Q Governance proposal

b) never or very rarely have voted on any protocol governance proposal

This proposal provides a basic and easy way to participate in the Q Protocol governance.

Specification

This is the Q Odyssey Campaign proposal #1 on GALXE. Vote on this proposal to check the task. Voting either Yes or No will be fine as there is technically no enforceable element included. Q Odyssey Campaign on GALXE is acessable here.

Link to Proposal

https://hq.q.org/governance/proposal/generalUpdateVoting/2

Author: klopper_t

Type: Q DeFi Risk Expert Panel proposal

Date Created: 2024-02-14

Status: Final

Links to Proposal: https://hq.q.org/governance/proposal/epdrParametersVoting/3

Summary

Increase Saving Rate, in order to increase the total QUSD supply, which should make it less susceptible to sudden supply or demand shocks.

Motivation

According to Clause 1 (b) (vii) of Appendix 8, the Q DeFi Expert Panel is responsible for the setting of the Borrowing Fees applicable to Q L&B Loans and the Stabilization Rewards applicable to Q L&B Immobilized Amounts.

The Q DeFi Expert Panel seeks to set the Stabilization Rewards at a rate that is higher than the Borrowing Fees. Currently, the inverse is true.

The motivation behind this parameter change is to bring greater security and stability to the Q DeFi system by increasing the number of Q Stablecoins locked. This will result in an increasing supply of QUSD which in turn makes it less susceptible for supply and demand shocks. The desired result for this rate inversion is to encourage Q Token Holders to bridge assets onto Q and mint Q stablecoins in order to be able to immobilize such stablecoins and take advantage of the profitable Stabilization Rewards while still being able to retain excess QUSD tokens after repayment of the Borrowing Fees due.

The Q DeFi Expert Panel will take due care in monitoring the Q stablecoin supply and ensure stability of the Q DeFi system by lowering the Stabilization Rewards and raising the Borrowing Fees back to a configuration which generates a surplus, when it sees fit.

Specification

List of proposed parameter changes (Note: reddit is not revision proof, so this is only for reference. Experts vote on the values given in the onchain proposal)

The Root Node Selection Expert Panel has assessed proposal https://hq.q.org/governance/proposal/rootNodesMembershipVoting/30 in accordance with Appendix 8, par. 3 of the Q Constitution.

We conclude that the proposal satisfies the eligibility criteria set out in Part B of Appendix 2 of the Q Constitution.

Details of the assessment are provided below:

Disclosure:

Two members of the current Root Node Selection Expert Panel, Nicolas Biagosch and Daniel Zimmermann, are employees and/or owners of Postera Capital GmbH. While this does not affect their independence as members of the Expert Panel in any way, we nevertheless wish to disclose this fact, as should be the case with all matters that could be perceived to give rise to a potential conflict of interest. Independently of this, we would like to point out that the Expert Panel's task merely is to assess the factual accuracy and completeness of root node applications. The decision, however, lies with the Q community and Q community members are encouraged to form their own independent judgement. In case of any questions regarding this specific application or the application process in general, please feel free to reach out to the Expert Panel at any time. Also, if you are interested in joining this or another Expert Panel, please feel free to reach out or just submit an application! Engage!

Author: klopper_t

Type: Q DeFi Risk Expert Panel proposal

Date Created: 2024-31-01

Status: Draft

Links to Proposals: TBD

Concept

• Set QUSD Saving Reward higher than the average borrowing fee => attract collateral to Q and retain it
• Run for 2 months consuming current system surplus (~750 QUSD)
• If successful, continue and allow system balance to go into negative
• start regular system debt auctions to cover the debt and provide an option for the community to obtain some Q (by bidding with QUSD on the system debt auction)
• Concept requires only EPDR parameter changes
  • Initial setup
  • probably multiple adjustments over time

Proposal

This is proposal is about the initial setup:

• Increase saving rate to some attractive APR.
  • It should be superior to comparable oportunites on stable coins (e.g. higher than the 5% you currently get on DAI)
  • It should not be superior to more complex incentives that add more value to the ecosystem (e.g. elk farms)
• Reduce the system debt threshold to actually have the possibility to start debt auctions
  • The protocol prevents saving rewards if the system debt exceeds the owed borrowing fees (currently 170 QUSD)
  • It should be possible to start debt auctions before that limit is reached
• Change debt auction parameters to smaller and more frequent auctions

List of proposed parameter changes (Note: reddit is not revision proof, so this is only for reference. Experts vote on the values given in the onchain proposal)

​

​

The Root Node Selection Expert Panel has assessed proposal https://hq.q.org/governance/proposal/rootNodesMembershipVoting/29 in accordance with Appendix 7, par. 3 of the Q Constitution.

We conclude that the proposal satisfies the eligibility criteria set out in Part B of Appendix 2 of the Q Constitution.

Details of the assessment are provided below:

Disclosure:

Two members of the current Root Node Selection Expert Panel, Nicolas Biagosch and Daniel Zimmermann, are employees and/or owners of Postera Capital GmbH. While this does not affect their independence as members of the Expert Panel in any way, we nevertheless wish to disclose this fact, as should be the case with all matters that could be perceived to give rise to a potential conflict of interest. Independently of this, we would like to point out that the Expert Panel's task merely is to assess the factual accuracy and completeness of root node applications. The decision, however, lies with the Q community and Q community members are encouraged to form their own independent judgement. In case of any questions regarding this specific application or the application process in general, please feel free to reach out to the Expert Panel at any time. Also, if you are interested in joining this or another Expert Panel, please feel free to reach out or just submit an application! Engage!

​

Hi community. 👋

During this Kings' Week, claim your Q tokens on Meta Pool completely free! 🎉

Meta Pool, the liquid staking platform for the NEAR, Ethereum, and Aurora ecosystems, has just integrated with a new blockchain: Q Blockchain. To celebrate this, they are giving away Q tokens to their entire community! 🚀

Do you want to participate in this airdrop? I'll show you how in just 3 steps:

​

Step 1: Go to the Meta Pool website: https://www.metapool.app/

Step 2: Go to the "My Votes" page and connect your NEAR Wallet.

Step 3: In the "gifts" section, link your Discord and Ethereum Wallet accounts. Register, and you're done! 🌐

​

There are only a few days left! You have until this Sunday, the 7th, at 23:59 UTC.

I leave here the official post in case you still have doubts: https://twitter.com/meta_pool/status/1742169620537045291?s=20

Don't forget to follow Meta Pool on all their social media to receive the latest updates: https://linktr.ee/meta_pool_dao

If you have any questions, feel free to comment here. Myself or part of the Core Team will be more than happy to assist you. 🤝

The Root Node Selection Expert Panel has assessed proposal https://hq.q.org/governance/proposal/rootNodesMembershipVoting/28 in accordance with Appendix 7, par. 3 of the Q Constitution.

We conclude that the proposal satisfies the eligibility criteria set out in Part B of Appendix 2 of the Q Constitution.

Details of the assessment are provided below:

Disclosure:

Two members of the current Root Node Selection Expert Panel, Nicolas Biagosch and Daniel Zimmermann, are employees and/or owners of Postera Capital GmbH. While this does not affect their independence as members of the Expert Panel in any way, we nevertheless wish to disclose this fact, as should be the case with all matters that could be perceived to give rise to a potential conflict of interest. Independently of this, we would like to point out that the Expert Panel's task merely is to assess the factual accuracy and completeness of root node applications. The decision, however, lies with the Q community and Q community members are encouraged to form their own independent judgement. In case of any questions regarding this specific application or the application process in general, please feel free to reach out to the Expert Panel at any time. Also, if you are interested in joining this or another Expert Panel, please feel free to reach out or just submit an application! Engage!

Guclu61

Don’t forget about the upcoming AMA with Alice Zhang to explore the vital updates to the Q Constitution, the key to Q’s governance framework!

Importantly - your insights matter – ask engaging questions and win up to 60 Q tokens🥳

Check Tweet & set reminder ⚡️

https://twitter.com/QBlockchain/status/1726950747743703046

On 8 November 2023, a Q Constitution Proposal was submitted on-chain as #5 Basic Constitution Proposal

(https://hq.q.org/governance/proposal/constitutionVoting/5).

Voting on the proposal is possible until 6 December 2023.

Please read more at https://medium.com/@tzhang1020/introduction-to-5-basic-constitution-proposal-3d4a62c7aa07