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Benchmark ProtocolBenchmark Protocolby0xBfC70e606e69343dC84237Bc8F91366a84eF04340xBfC7…0434

Amplify rebasement 3.3x

Voting ended about 5 years agoSucceeded

To accelerate narrowing the gap between the current price of MARK and the target peg of $1.40, the team is considering a TEMPORARY 3 day stretch period instead of the current 10 day stretch. Are you in favor of a shorter stretch period until we hit the target peg?

The pros:

Can deploy more use cases, utility and collaboration when we are closer to the peg Further protocol stability when we hit the peg Open up the window for both positive and negative rebasement when we are closer to the peg

Cons:

Precedence for temporary rebasement intervention Users in The Press will receive less benefits for retaining rewards

Off-Chain Vote

Yes
167.92K 96.5%
No
6.03K 3.5%
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Timeline

Jan 17, 2021Proposal created
Jan 17, 2021Proposal vote started
Jan 19, 2021Proposal vote ended
Oct 26, 2023Proposal updated