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(old) Blockzero Labs(old) Blockzero Labsby0xb0faa146515792276465F084f7c23E52F3B408390xb0fa…0839

How long of a grace period should be allowed for purchases made after the snapshot announcement?

Voting ended almost 5 years agoSucceeded

We are currently exploring the option to allow FLASH purchased within a defined grace period to be migratable.

However, instead of using the total amount of FLASH purchased, we would use the total amount of ETH spent when acquiring FLASH to ensure those who purchased FLASH whilst the price was going down are not rewarded (nor penalized). This method would involve pricing FLASH at a constant ETH value.

The ratio when liquidity was removed was 0.000681438961 ETH to 1 FLASH (1467.48 FLASH/ETH).

To further break this down see some examples: https://forum.blockzerolabs.io/t/flash-migration-post-snapshot-allocations-community-vote/

Please note for the counting of votes:

  • If Option 1 gets 50% of the vote, Option 1 wins.
  • If Options 1+2 combine for 50% or more of the vote, Option 2 wins.
  • If Options 1+2+3 combine for 50% or more of the vote, Option 3 wins.

Off-Chain Vote

No grace period
706.01K 18.3%
Up to 24 hours after
1.52M 39.2%
Up to 48 hours after
281.21K 7.3%
Up to 72 hours after
1.36M 35.3%
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Timeline

Mar 02, 2021Proposal created
Mar 02, 2021Proposal vote started
Mar 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated