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Vertex FinanceVertex Financeby0x3ACC73A5E87c24CDe92c69a52a9db9f5EE55294B0x3ACC…294B

Should we reduce a 24 hour timelock to 4 hours, given the KYC?

Voting ended about 4 years agoDefeated

Going forward, I do not think that a timelock is necessary. All a timelock does is give a potential warning period before changes take place. While this sounds great for untrustworthy founders, ours is KYC'd. He is a US citizen and has legal incentive to not rug, since money crimes are not treated lightly in the US.

However, not having a timelock does have a certain stigma to new investors who may not understand the safuness of our particular situation, so I propose a 4 hour timelock. That way, updates can still happen same day, at least.

I think that's to our benefit.

Off-Chain Vote

For
342.27 22.9%
Against
935.3 62.7%
Abstain
214.55 14.4%
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Timeline

Dec 28, 2021Proposal created
Dec 28, 2021Proposal vote started
Dec 31, 2021Proposal vote ended
Oct 26, 2023Proposal updated