BLV Labs led the recently passed proposal, which prioritizes the governance module.
It aims to address the challenges participants face when submitting proposals within the #LUNC✅ network.
The primary issue is the deposits for launching proposals, currently at 5 million.
Meanwhile, the current module doesn’t account for LUNC price fluctuations.
The deposit amount could be too high or too small amid price volatility, leading to challenges in ensuring the proposal’s value.
Moreover, scammers spam the blockchain with proposals when LUNC’s price plummets sharply.
Meanwhile, the suggested changes will maintain the platform’s integrity by stabilizing the deposit amount. The #announcement read,
“In the current gov module logic, when creating a proposal, the creator will have to deposit LUNC (5 million LUNC) first to push the proposal to the voting stage. So what will happen if the LUNC price drops sharply? Or rises sharply? This leads to the value of the proposal is not guaranteed. When the price is too small, it can lead to bad guys being able to spam many proposals online.”
Thus, #blv Labs suggests using the Oracle module to determine the minimum deposit needed to create proposals in the governance module.
The new system will automatically modify the minimum margin amid price fluctuations to ensure the proposal’s stability.
Meanwhile, the latest proposal has seen massive community support, with over 85% of participants voting in favor.
That underscores a colossal interest in the suggested changes.
Can $LUNC
and $USTC
capitalize on this optimism for price rallies? #on-chain indicators confirm positivity and trust in the altcoins’ future performance.