Vote for Neutrino updates
On this page, you can influence decisions concerning the Neutrino protocol. The community is welcome to vote for issuing new Neutrino assets or updating protocol features and parameters. On-chain governance is carried out with the NSBT token.
Vote #7: Defining Max Swap Amount parametersMax Swap Amount (or limitMax) is the max amount in USDN that a user can swap at WAVES ↔ USDN swap in 24 hours (1,440 blocks). Max Swap Amount depends on the user's amount of gNSBT, i.e. on the amount of NSBT they staked. Currently, this limitMax is calculated by the following formula:
where a = 0.00000003 b = 2.7182818284590452 (Euler's number) Unfortunately, such a limit does not allow users with a small NSBT stake to use the swap function. Initial a and b parameters were chosen to attract users to participate in the upcoming governance process. However, we must respond in a timely manner to the situation on the market and to the requests of users.
The proposal is to define the maxLimit by modifying the a and b parameters. This will allow the NSBT stakers to increase their maxLimit in Waves ↔ USDN swaps. Take a look at the table below to assess your options:
Voting starts at height and ends at height , which is expected to be approximately days.For a vote to be considered valid, more than 50% of the existing gNSBT must participate in it.
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2. Stake your NSBT to get gNSBT to be able to vote.
3. Confirm your choice selected in step #1.
4. Wait until voting ends
Vote will be over in Infinity blocks (~ Infinity w, NaN d, NaN h, NaN m)