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CyberTime FinanceCyberTime Financeby0xb77549FD4D20b6FCeeA883ecE79b5e593dcca37D0xb775…a37D

DAO #11 - Fork NFTL & CTF to v3

Voting ended over 4 years agoSucceeded

Why we need fork? We found a vulnerability that Certik & Adesh Kolte missed during an audit. A vulnerability with a low Market Cap does not pose a threat, but it can still cause irreparable harm to the entire project & holders. But with the growth of capitalization (and we are aiming at this), an open vulnerability can be very expensive for the team and for the users of the project. Therefore, we do not want to risk it and plan to close this vulnerability in the new version + solve the centralization problem + add Timelock.

What are the benefits of upgrading to v3?

  1. Closing a vulnerability that could destroy the project and deprive users of funds.
  2. Now the project capitalization is low, so new schedules (new contracts) can boost the price
  3. We will create a convenient migration from v1 to v2, so you will not lose your tokens and they will be equivalent.

With the transition to new contracts, we plan to closely interact with ApeSwap for all tokens. They can help increase the liquidity of pools + do joint marketing and much more

Off-Chain Vote

I'm for v3 and security 🔒
11.74K 100%
I'm tired of migrations
0 0%
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Timeline

Aug 06, 2021Proposal created
Aug 06, 2021Proposal vote started
Aug 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated