Supra Upgrade Proposal (SUP) #2

Governance
1

Supra Upgrade Proposal (SUP) #2 : Vesting Schedule Update

Background

Previously, a community vote was held to change the vesting schedule from monthly to quarterly, which was favored by eligible node operators and dApps. As a result, the vesting schedule was changed to quarterly vesting. Voting is to be done here: Supra Community Governance Proposal

However, we’ve received diverse opinions and suggestions from our community. Supra is committed to progressively expand community-driven governance of the Supra Blockchain. Therefore, we propose another vote on the vesting schedule.

Proposal

Should the vesting schedule of vesting contracts be reverted back to a monthly schedule, or should it remain at a quarterly vesting schedule? This proposal specifically applies to vesting contracts that initially had a monthly vesting schedule at the time of TGE and were subsequently changed to quarterly vesting following Supra Update Proposal 1 Supra Community Governance Proposal

Voting Options

  1. Yes: Transition back to a monthly vesting schedule.
  2. No: Keep the vesting schedule quarterly as it stands today.
  3. Abstain: Acknowledge participation without expressing a preference.

Voting Framework

Eligibility: Node operators, large investors that have invested over $100K USD pre-TGE, and dApps active in the Supra ecosystem for at least three months. Retail token holders can participate through their supported nodes or dApps. Due to nearly 1 million accounts holding balances on Supra, direct voting for all account holders is not feasible at this stage.

Mechanics: Eligible participants will choose Yes, No, or Abstain. The voting period will last until 18th Nov 2025 midnight EST, with all votes recorded transparently on-chain.

Approval Criteria:

  • Participation Threshold: At least 67% of eligible voters must participate (Yes + No + Abstain).
  • Approval Requirements: For the proposal to succeed, BOTH conditions must be met:
    • “Yes” votes must exceed 40% of total eligible voters.
    • “Yes” votes must exceed “No” votes.
  • Status Quo: In all other cases, the current quarterly vesting and unlock schedule will be maintained.

Implementation Timeline

If approve, changes will take effect after 21st November 2025.

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