HIP-12 | Mainnet Migration and Economic Adjustment

:small_orange_diamond: HIP-12 | Mainnet Migration and Economic Adjustment :small_orange_diamond:

Snapshot Time for the Vote:

First block after June 24, 23:59 UTC time.

Voting Period:

Voting starts: June 25, 00:00 UTC time
Voting ends: June 30, 23:59 UTC time

Voting Addresses:

YAY → HHxxxxYEAxPN12xxxxxxxxxxxxxxvGzhgS
NAY → HHxxxxNAYxPN12xxxxxxxxxxxxxy3DdPVE

Threshold for Approval:

  • 65% approval rate

Summary of Proposal:

  • Approval of APR Reduction Schedule
  • Security Strategy Approval
  • Exchange Coordination Strategy
  • Node Update Compliance

Link to the Full Proposal:

Voting Procedure:

  1. 0.1 HYDRA sent to any of the two addresses above will credit your entire snapshot weight to the respective side.
  2. Note that the last transaction counts, meaning that you can change your vote within the voting period.
  3. Transactions above or below 0.1 HYDRA will not count.
  4. The exponentiating formula will apply as usual

Vote results were unanimous

YEA —> 100%
NAY —> 0%

1 Like