SCCP-164: Extend burn lock to seven days

Author
StatusImplemented
TypeGovernance
NetworkEthereum
ImplementorTBD
ReleaseTBD
ProposalLoading status...
Created2022-02-01

Simple Summary

Adjust Burn Lock from 24 hours to 7 days (168 hours).

Abstract

There is currently a time lock that prevents burning above the target ratio for 24 hours following a mint. This SCCP proposes to adjust this from 24 hours to 7 days (168 hours).

minimumStakeTime = 604,800

Motivation

To further deter snapshotters following the increase in weekly SNX rewards to be implemented in SIP-202. This will increase the exposure of snapshotters from 1/7 to 7/7 of an epoch.

Copyright and related rights waived via CC0.