Updating $BLID distribution frequency #1

Authors: obsqurial#5725 Date Created: 28/02/2023 Date Posted: 28/02/2023

SUMMARY

We are constantly working on improving the Bolide app effectiveness. Sticking to the roadmap, we suggest reducing the number of daily rewards distribution to reduce gas fees.

BACKGROUND

Bolide leverages outstanding algorithms to calculate rewards based on time and deposit amount. This algorithm allows us to calculate a correct distribution among depositors. It means that the algorithm calculates for each deposit how long the deposit was and how much it was for fare distribution.

For more information visit our Github:

https://github.com/bolide-fi/contracts/blob/master/strategies/low_risk/README.md#blid-distribution-model

MISSION & VALUES ALIGNMENT

This proposal is part of our primary mission — speed and security of profit generation enabled by crypto assets.

SCOPE OF WORK

Scope of work to include:

Reduce BLID distribution frequency from 6 per 24 hours to 2 per 24 hours

FINANCIAL IMPLICATIONS

NA

POLL

Yes – If this proposal passes, Bolide will follow the proposed usage of funds as described above. No – If this proposal rejects, it will go back for further discussion to align on the required changes before the updated proposal is re-sent for review.