Hey all,
It is time to renew the GMC’s on-chain budget. The current budget will expire after two more periods.
The last budget process can be viewed here.
As a reminder, the on-chain vote process takes a total of three weeks:
- 1 week of delay for vote tree challenges
- 1 week of phase 1 voting (delegates and self-votes)
- 1 week to override delegates
Proposed Payment Contract
_contractName = GMC-2026-01
_recipientAddress = 0x6efD08303F42EDb68F2D6464BCdCA0824e1C813a
_amountPerPeriod = 5809343578141814674942
_periodLength = 2419200
_startTime = 1766036139
_numPeriods = 13
Numbers Explained
contractName = GMC-2026-01
Consistent syntax as last time.
recipientAddress = 0x6efD08303F42EDb68F2D6464BCdCA0824e1C813a
Consistent with last time.
amountPerPeriod = 5809343578141814674942
rpl_supply = 21870340405641693088131008
rpl_supply += calculate_inflation(rpl_supply, 28)
rpl_supply += calculate_inflation(rpl_supply, 27)
gmc_periods = 13
gmc_inflation = calculate_inflation(rpl_supply, gmc_periods * 28)
gmc_payout = gmc_inflation * 275 * 250 // (gmc_periods * 10**6)
periodLength = 2419200
Consistent with last time.
startTime = 1766036139
1761197739 + 2 * 2419200 = 1766036139 (Start of current reward period + two intervals).
numPeriods = 13
Setting the budget for a year.
Sentiment Poll
- Support moving to on-chain vote now
- Oppose moving to on-chain vote now
- Undecided