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SpartaDex DAOSpartaDex DAOby0x993A2673Bc4b61474e8Af31e59dc947D07499902spartadexfoundation.eth

Shortening the unstaking period for $SPARTA tokens locked in Single Asset Staking from an optional range of 10-110 days to a fixed period of 21 days

Voting ended over 1 year agoSucceeded

Proposal: This proposal aims to gather the opinion of the SpartaDEX community regarding our suggested shortening of the unstaking period for $SPARTA tokens locked in Single Asset Staking. Currently, the period ranges from 10 to 110 days and can be freely selected by the user. The shorter the unstaking period, the higher the Unstaking Fee.

The new concept changes the unstaking period to a fixed and unchangeable 21 days. After this period, no additional fees are charged.

The change has the full support of the entire SpartaDEX team and the Council of Elders.

Rationale: Due to the upcoming series of IDOs on our Launchpad, we want to lower the entry barrier, thereby giving more users the opportunity to participate in the presales.

Shortening the unstaking period will reduce the time pressure on users, give them more flexibility in managing their capital, and allow for much quicker responses to the changing conditions of the dynamic cryptocurrency market.

This change will also encourage the staking of $SPARTA tokens, reducing supply and helping to stabilize the market situation.

Eligibility to Vote: Only $SPARTA token stakers are eligible to vote on this proposal.

Off-Chain Vote

For
1.37M sSPARTA95.1%
Against
3.1K sSPARTA0.2%
Abstain
67.13K sSPARTA4.7%
Quorum:143823056%
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Timeline

Oct 11, 2024Proposal created
Oct 11, 2024Proposal vote started
Oct 15, 2024Proposal vote ended
Dec 16, 2024Proposal updated