#REI DAO #6 Proposal #REI DAO HardFork: Slash Mechanism Optimization

Slash, as a necessary requirement for stable, healthy, and sustainable development was introduced into REI Network in the year 2021, and it has been in operation so far, providing a guarantee for the safe and stable operation of REI Network.

In December 2022, LOVE-REI, one of the validators on REI Network started two miner programs at the same time, which led to double signatures at the same block height, which triggered the Slash mechanism, resulting in 20% of the total votes staked by LOVE-REI, totaling 562,242.6 $REI (includes votes from the validator itself and community users) was slashed.

REI Network Foundation received lots of feedback from the community after slashing LOVE-REI, saying that they couldn't understand the high penalty, and they think that there is room for discussion and optimization of the Slash mechanism.

After carefully listening to the user's feedback and fully communicating with the community, REI Network, the community-centered public chain think that this slash's educational significance to the community and LOVE-REI has contributed to the development of REI Network network for a long time, so REI Network decided to provide relief compensation for the votes confiscated from community users in this slash and improve the Slash mechanism in the next hard fork upgrade.

In line with the principle of decentralized governance, the handling of LOVE-REI slash compensation and the upgrade of the Slash mechanism will be decided by community voting.