Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

[UIP-1]: Advance Epoch reward distribution change #1

Merged
merged 1 commit into from
Jan 25, 2021

Conversation

8quad
Copy link
Owner

@8quad 8quad commented Jan 23, 2021

Universal Improvement Proposal 1:

  1. During the Bootstrap period the distribution of rewards for advancing epochs will be changed. 5 U8D will go to the caller (in many cases, the bots), and 45 U8D will be distributed between DAO and LP bonders (70:30).
  2. After the Bootstrap period the full reward for advance will be 25 U8D and will go to the advance caller.

Reason
We've been seeing a battle between bots that get rewarded for advancing the epochs, which proceed to immediately the rewards at a huge price making a huge profit. Rather than letting external arbitrageurs drain this value from the ecosystem, we propose the following.

An instance implementing these changes is deployed at :
0x703657161eA4ad3975Bc6872479A45648e23CC98

Voting is live in the DAO:
https://u8d.finance/#/governance/

@8quad 8quad merged commit 523050f into master Jan 25, 2021
Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
None yet
Projects
None yet
Development

Successfully merging this pull request may close these issues.

1 participant