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JPEG’dJPEG’dby0x7e16F4513F0Ddc7d883bEe10Ea2181507411db230x7e16…db23

PIP-51: Update Insurance Buyback Period To 48 Hours

Voting ended almost 3 years agoSucceeded

Abstract

This PIP would modify the window to repay the debt, interest and liquidation penalty from 72 to 48 hours. This is done to lower the risk to the protocol in case there is a rapid drop in NFT values in a short amount of time

Specifications

-- Change the repayment window from 72 to 48 hours

Off-Chain Vote

For
2.28B JPEG85.2%
Against
395.3M JPEG14.8%
Abstain
0 JPEG0%
Quorum:129%
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Timeline

Apr 26, 2023Proposal created
Apr 26, 2023Proposal vote started
Apr 29, 2023Proposal vote ended
Oct 26, 2023Proposal updated