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Proposal #31

Adjust buyback frequency

PassedExecute Contract Proposal

Passed on 06 Jul 2023 with 100.0% of the votes for yes.

Yes

100.0%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

06 Jul 2023

The ballotvotes cast · final tally
Yes

100.00%

of votes cast

Abstain

0.00%

of votes cast

No

0.00%

of votes cast

Veto

0.00%

of votes cast

Adjust buyback frequency

Summary

The Profit is the contract responsible for storing assets from various protocol revenue streams and then performing market buybacks of the NLS token in order to trigger a positive feedback loop. After a predetermined number of hours have passed, the buyback mechanism kicks in. Currently, the number of hours is set to 7200 which is 300 days.

By voting YES on this proposal, you agree to set the buyback to happen once every 12 hours.

Timeline

  1. Submitted05 Jul 2023
  2. Voting started05 Jul 2023
  3. Voting ended06 Jul 2023
  4. Deposit deadline15 Jul 2023

Proposer

Address
Deposit2.5K

Rules

Not recorded for this proposal.