Lower unstaking time to 14 days from 30 days
The high unstaking period was originally designed to dissuade wash bettors from trying to game the original bet mining formula. With the new changes coming to bet mining, this has become less of an issue.
The current 30-days is quite long compared to most crypto projects and lowers the desire for many users that would otherwise buy and stake SX. This lowers staking participation, thereby increasing circulating supply and depressing price.
Lowering the unstaking cooldown period to 14 days will significantly increase staking capital efficiency, making it more attractive to buy and stake SX.
Off-Chain Vote
Lower unstaking time to 14 days
13.63M WSX50.7%
Keep it at 30 days
13.28M WSX49.3%
Timeline
Feb 23, 2024Proposal created
Feb 23, 2024Proposal vote started
Feb 28, 2024Proposal vote ended
Feb 28, 2024Proposal updated