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announcing ... double trouble on VYB!

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Published: 23 Dec 2021 › Updated: 23 Dec 2021announcing ... double trouble on VYB!

announcing ... double trouble on VYB!

the VYB rewards-pool smart contract has just been updated, to ...

double the rewards-pool rate

from 1/3 the full rate to 2/3 the full rate
(the full rate will commence in about 2 weeks)

double the voting window

from 2 days to 4 days


vyboffidouble.png

[1]


why the changes?

the rewards-pool rate was started at 1/3 the full rate to minimize any first-voting surprises (initial votes can be skewed upward if it takes a while for stakeholders to start voting)

those first-voting issues have stabilized (votes are now worth about half what they were initially)

the initial 2-day voting window was meant to [1] encourage folks to stay current in viewing and voting new content, [2] allow early authors and curators to stack some early VYB more quickly, and [3] provide quicker confirmation that everything is working 'as expected' with respect to the rewards-pool

everything seems to be working as intended (a big 'thank you' to eonwarped@eonwarped for his quick responsiveness with respect to a couple front-end bugs that were identified early then promptly exterminated)

a 4-day voting window seemed like a good transition on our way to the standard 7-day timeframe

also, delegation is coming soon ...

delegation will be enabled shortly (i.e. within a few days)

VYB Official Divider


[2]




Creative Commons


[1][2][3]
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