Proposal #302
Passed on 16 Jul 2025 with 100.0% of the votes for yes.
Yes
100.0%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
16 Jul 2025
100.00%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
The Profit contract is responsible for accumulating assets from the protocol’s various revenue streams and using them to execute market buybacks of the NLS token, reinforcing a positive feedback loop. Each supported market has its own instance of this contract. Currently, the buyback mechanism is triggered automatically every 12 hours (twice per day).
This proposal recommends reducing the buyback frequency to once every 48 hours (every two days). The goal is to consolidate assets over a longer period, enabling larger and more impactful buybacks that can potentially improve token price efficiency and market dynamics.
By voting "YES", you support changing the buyback interval to once every 48 hours for 7 of the 10 existing markets, covering both long and short positions (without the allBTC, allSOL and stATOM short markets, since the buyback process has been halted there and needs to be handled via a separate proposal).