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Updates from the community feedback meeting today:.

Kava
Kava
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02 Nov 2022, 22:03
Updates from the community feedback meeting today: Regarding the gas fees, the high fees, specifically for liquid staking, are only temporary till the bugs are addressed. The prioritized mempool will be introduced to the Kava app by the end of the year. In case anyone is curious about more assets coming to the Kava app besides stablecoins. The market conditions are so volatile that the team is concerned about potential liquidations for users if the market conditions worsen. Therefore, the focus on stablecoins remains the top priority for now. USDX de-pegged: it turned out there is still some bad debt left from the Terra collapse (I thought the debt was already taken care of), but it is likely why it's dragging down the price a bit. But most of the debt got taken care of. I am still waiting to receive a specific timeline for the bad debt getting erased or re-pegged. Scott is already briefed on this. Moving forward with governance proposal discussions, I will inform everyone in the community when the discussion forum is launched. You will have an opportunity to engage with the team in discussions. It is a small project I have been working on for a while. HARD and SWP: Scott almost tweeted a thread last Friday about changes to SWP and HARD tokens, but he decided to hold it back to update the statement and wording. But we are hoping he will tweet the thread soon. We will encourage him to post it as quickly as possible by the end of this week. Proposal #103: This proposal isn't taking 25 million tokens out of the community pool. Instead, the community pool supplies what it owns to the Earn protocol but retains all ownership of its KAVA. It has been in discussions for a while about the Liquid Staking APY. It has been mentioned that the target APY of vanilla and liquid staking combined would be in the ~25% to 30% range. If it gets dipped below the target range, additional rewards will be added to the incentives pool. Kava Foundation will not dilute the APR earned by stakers. Please do follow up if you have additional questions.