KIP-016 Set the Kolibri Savings Rate Pool interest rate to 10.75%

Author: JCarlt87

Created: 12/13/2022

Status: PROPOSED

Summary

Kolibri Savings just passed, this proposal is to set the pool interest rate at 10.75%.

Motivation

This will reward people for holding kolibri and give us another tool to influence demand once implemented.

Details

This is the submission lambda to set the rate to 10.75%, generated by the frontend.

{ DROP;
    NIL operation;
    PUSH address "KT1Nmg6hDcBHRxgNDCPmaecQjLtNtKPKchB1";
    CONTRACT %runLambda (lambda unit (list operation));
    IF_NONE { PUSH int 42; FAILWITH } { };
    PUSH mutez 0;
    LAMBDA unit (list operation)
        { DROP;
            NIL operation;
            PUSH address "KT18zVySfjcmot2HdsDyv8ScokDHFS9PmsAW";
            CONTRACT %setInterestRate nat;
            IF_NONE { PUSH int 12; FAILWITH } { };
            PUSH mutez 0;
            PUSH nat 194264122788;
            TRANSFER_TOKENS;
            CONS
        };
    TRANSFER_TOKENS;
    CONS
}

@JCarlt87 I edited your post to improve the formatting a bit, hope you don’t mind!

1 Like

Nope, looks a lot better.