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Kwenta Kwenta by0x0c4EA5F0219fbC4Decf9536463524953Cd75F0cB0x0c4E…F0cB

KIP-82: Pause $OP Rewards during Bedrock Upgrade Epoch

Voting ended almost 3 years agoSucceeded

Simple Summary

Pause the Kwenta $OP trading rewards program for one epoch due to the scheduled downtime of the Bedrock release.

Abstract

The Optimism Bedrock upgrade is planned for 16:00 UTC on June 6, 2023, including approx. 4 hours of network downtime. Beginning on June 4th at 16:00 UTC, Synthetix Perps V2 will be limited to closing only for the 48 hours leading up to the scheduled upgrade. The $OP trading rewards should be paused to facilitate the planned downtime.

Motivation

To disincentivize traders to trade during the epoch of the scheduled Optimism upgrade and respective expected downtime, the $OP trading rewards program should be paused for one epoch.

Specification

For more information, visit: https://github.com/Kwenta/kwenta-state-log/blob/master/kips/drafts/kip-82.md

Off-Chain Vote

Pass
5 EC-NFT100%
Reject
0 EC-NFT0%
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Timeline

May 25, 2023Proposal created
May 25, 2023Proposal vote started
May 31, 2023Proposal vote ended
Oct 26, 2023Proposal updated