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SX.betSX.betby0x025b9FD9F1ed818d688e19c5F43c500bf44cEA470x025b…EA47

Change staking cool down to 60 days

Voting ended almost 5 years agoSucceeded

Motivation for change

The current cool down period for staking SX is 14 days. A number of people in the community have reached out and told us that they think that 14 days is too low of a time period and want to increase it substantially to 30-90 days, especially given the overall weak crypto market at the moment. Many projects have year-long staking periods, such as Curve for example (4 year vesting period on staking rewards). SX staking rewards are meant to reward long-term SX holders that participate in governance; changing the staking cool down period to 60 days will help to further align that.

Off-Chain Vote

Yes, change cool down to 60 days
6.58M 91.9%
No, keep cool down at 14 days
576.16K 8.1%
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Timeline

Jun 14, 2021Proposal created
Jun 14, 2021Proposal vote started
Jun 19, 2021Proposal vote ended
Oct 26, 2023Proposal updated