Summary
For NFTs in auctions, adjust the option “repay 50% of the debt” to one of the following options.
Background
According to the rules of community governance:
https://docs.benddao.xyz/portal/governance/governance-mechanism
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Phase 1: Idea or Draft
Min. number of supports: 10 - Pass Discord Idea: https://discord.com/channels/897709643948761148/1043769810439372831
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Phases 2: BIP
Min. number of voters: 10 - Pass
Now Phases 3: On-chain voting now
Rules
The parameters or solutions defined in the BIP will be finally decided by Snapshot voting.
| Category | NFT Collateral | Protocol Parameter | Protocol Core Code Change | DAO Treasury (Details) |
|---|---|---|---|---|
| Voting Duration | 3 days | 3 days | 7 days | 7 days |
| Vote Quorum | 20% of veBEND total supply | 10% of veBEND total supply | 20% of veBEND total supply | 10% or 20% of veBEND total supply |
| Pass Rate | 80% | 80% | 80% | From 80% |
| BIP # 16 : Protocol Parameter |
BLOCK 16340520 Total veBEND : 403.56M veBEND
Vote Quorum : 40M veBEND
Off-Chain Vote
Repay 20% of the debt
42.43M veBEND51.8%
Repay 30% of the debt
93.61K veBEND0.1%
Repay 40% of the debt
47.94K veBEND0.1%
No adjustment
39.32M veBEND48%
Timeline
Jan 05, 2023Proposal created
Jan 05, 2023Proposal vote started
Jan 12, 2023Proposal vote ended
Aug 08, 2024Proposal updated