Proposal #12

BNC Loyalty and Lockup Compensation Proposal

Democracy
3yrs ago
0 Comments
Tabled

After nearly a month of discussion and data collection, a proposal has finally been successfully submitted on the chain. For more details and reasons for the proposal, please refer to the previous discussion in the Bifrost Forum. I have used the utility. batchAll initiated a proposal to adjust Cliff and Vesting PerBlock, called the methods vesting.setVestingPerBlock and vesting.forceSetCliff respectively, and issued adjustment commands for a total of 61 addresses.

You can check the validity of the proposal by comparing the contents of utility.batchAll with the BNC Loyalty and Lockup Compensation sheet.

In this proposal, I applied the latest parameters:

Seed PRPR Private PRPR Seed CCB Private CCB
Min. 0% 0% 0 0
Max. 50% 30% 864,000 648,000
  • PRPR: Percentage reduction per block release
  • CCB: Compensate cliff block

Summary, the effect we can get through this proposal: the lower the loyalty of the address, the longer the extended unlocking and cliff time, the higher the loyalty of the address, the shorter the unlocking and cliff time of singing, we can discuss and determine the above parameters, to achieve the desired effect.

Discussions are welcome, and I believe our common goal is to make Bifrost better and stronger!

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