The VeBetter ecosystem keeps marching forward! Our team are working hard to improve the platform, and this week, some other notable changes took place.
Technical:
As per the recently approved proposal, we have temporarily removed the quadratic voting, funding, and rewarding mechanisms to counter sybil farmers. The system is stable and performing as expected for last few rounds. We are in final stages of deploying our solution - the 'VePassport'.
VePassport - in short - is an effective sybil-resistant solution that protects the integrity of benefits/rewards gained via quadratic mechanisms, while reducing farming, and increasing engagement with the ecosystem at-large.
Tokenomic:
Another change came in the form of the token issuance schedule this week. With the first DAO epoch complete, token issuance reduced for the first time, slowing token inflation as part of #B3TR's twelve year issuance schedule.
Note: Due to a minor smart contract bug (now fixed), the token issuance reduction schedule was one week delayed - accordingly, 200k extra (5M vs 4.8M) was emitted last week. To counter, 200k extra was deducted from this weekâs quota to rebalance issuance. Emissions will return to the normal schedule of 4.8M weekly, from the next round.
Expect more in depth content about the importance and benefits of the VeBetter ecosystem token issuance schedule in future weeks. Read about them in the meanwhile, here: https://t.co/IWIy7dOM7G
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