Boosting 2.0: Storage contract update #1

Authors: obsqurial#5725 Date Created: 07/04/2023 Date Posted: 07/04/2023

SUMMARY

Since its launch, the Boosting 2.0 feature has gained a lot of interest and popularity in the Defi space. However, to continue this success, we suggest making changes to its parameters.

BACKGROUND

Our primary goal is to maintain the Boosting 2.0 feature's effectiveness and reliability while also boosting its performance. Thus, we suggest updating parameters, which will optimize the functionality and increase the accuracy of it.

By tuning Boosting 2.0, it continues to meet evolving user needs while maintaining its integrity and usability. The goal is to make Boosting 2.0 even more powerful and efficient, while making sure that all of our users can use it easily and conveniently.

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 includes but not necessarily limited to the following: The following smart contract parameters will be updated as a result of the suggested update: ● (0xf1f25A26499B023200B3f9A30a8eCEE87b031Ee1).maxBLIDPerUSD: 35000000000000000000 ● (0xed18f1CE58fED758C7937cC0b8BE66CB02Dc45c6).maxBLIDPerUSD: 35000000000000000000 ● (0x941ef9AaF3277052e2e6c737ae9a75b229A20988).maxBLIDPerUSD: 35000000000000000000 ● (0x5d735e9ffE9664B80c405D16921912E5B989688C).maxBLIDPerUSD: 35000000000000000000 ● (0xf1f25A26499B023200B3f9A30a8eCEE87b031Ee1).maxActiveBLID: 20831141140000000000000000 ● (0x5d735e9ffE9664B80c405D16921912E5B989688C).maxActiveBLID: 2458035493000000000000000

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.