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SYNC NetworkSYNC Networkby0x33569c101562e1fAF5b24581057E5cEE4c8288D70xwave.eth

Alter the rarity algorithm of lucky bonds to stop the system being gamed

Voting ended about 5 years agoSucceeded

As of the current moment, SYNC-ETH bonds are determined to be rare (with a significant bonus to rewards) if the bond # ends in 77. This has created a perverse incentive to create many minimum bonds and then a huge lucky bond. It also means by executing this strategy that outsized governance power is gained, as number of bonds and not sum value of bonds count. The initial bonds generated with this algorithm can be sunsetted and a new contract deployed with an updated method of determining lucky bonds.

Off-Chain Vote

Yes, sunset -77 lucky bonds
56 28.9%
No, keep it the same
138 71.1%
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Timeline

Jan 12, 2021Proposal created
Jan 12, 2021Proposal vote started
Jan 30, 2021Proposal vote ended
May 06, 2024Proposal updated