BIP#10-2 Adjust Auction Duration to 12 hours
Summary
Based on the BIP#10, BIP#10-2 voting is created to decide whether the Auction Duration should be reduced from 24 hours to 12 hours.
Voting and Implementation Timetable of Auction Duration of BIP#10
| Need Voting | Snapshot Start Time | Auction Duration | Effective Time |
|---|---|---|---|
| NO | N.A. | 24 hours | August 30th, 12 pm UTC |
| Yes | August 30th, 12 pm UTC | 12 hours | September 6th, 12 pm UTC |
| Yes | September 6th, 12 pm UTC | 4 hours | September 13th, 12 pm UTC |
BACKGROUND
BIP#10 - Snapshot - Forum Proposal BIP#9 - Snapshot - Forum Proposal
SPECIFICATION
All BEND stakers are members of BendDAO.
Voting Quorum: 50M veBEND (20% of the total supply) Pass Rate: Over 80% Approve. The voting will last for 3 days.
Off-Chain Vote
For
2.2M veBEND6%
Against
34.4M veBEND94%
Abstain
0 veBEND0%
Timeline
Aug 30, 2022Proposal created
Aug 30, 2022Proposal vote started
Sep 02, 2022Proposal vote ended
Oct 26, 2023Proposal updated