Authors: obsqurial#5725
Date Created: 28/02/2023
Date Posted: 28/02/2023
SUMMARY
We are constantly working on improving the Bolide app effectiveness. Sticking to the roadmap, we suggest reducing the number of daily rewards distribution to reduce gas fees.
BACKGROUND
Bolide leverages outstanding algorithms to calculate rewards based on time and deposit amount. This algorithm allows us to calculate a correct distribution among depositors. It means that the algorithm calculates for each deposit how long the deposit was and how much it was for fare distribution.
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MISSION & VALUES ALIGNMENT
This proposal is part of our primary mission — speed and security of profit generation enabled by crypto assets.
SCOPE OF WORK
Scope of work to include:
Reducing $BLID distribution frequency from 6 per 24 hours to 2 per 24 hours
FINANCIAL IMPLICATIONS
NA
POLL
Yes – If this proposal passes, Bolide will follow the proposed usage of funds as described above.
No – If this proposal rejects, it will go back for further discussion to align on the required changes before the updated proposal is re-sent for review.