From 7ee73add245e4f99bf11969c82341cfc54cf8ab0 Mon Sep 17 00:00:00 2001 From: ferebee Date: Mon, 30 Jan 2023 21:15:29 +0100 Subject: [PATCH] Update 00XX-linear-lockup-curve.md --- 00XX-linear-lockup-curve.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/00XX-linear-lockup-curve.md b/00XX-linear-lockup-curve.md index 7971c1adb..9506b0d3d 100644 --- a/00XX-linear-lockup-curve.md +++ b/00XX-linear-lockup-curve.md @@ -10,7 +10,7 @@ HIP-51 specifies that holders of HNT may lock their HNT for up to 48 months to receive veHNT (vote-escrowed HNT). veHNT conveys voting power in the Helium DAO, and may be delegated to a subDAO. The combination of HNT locked for a duration, combined with the assigned veHNT, is called a position. One wallet may contain multiple positions. -The amount of veHNT returned on lockup increases linearly per HIP-51 from 1x veHNT per HNT at the minimum lockup duration of 6 months, all the way to 100x veHNT per HNT at 48 months. However, when a locked HNT position enters cooldown, the associated veHNT follows a different curve and instead declines linearly to zero over the entire period. These asymmetric lockup and cooldown functions have unintuitive consequences. Therefore, this HIP proposes simplifying the lockup curve, eliminating a minimum lockup period, and allowing veHNT to be transferrable. +The amount of veHNT returned on lockup increases linearly per HIP-51 from 1x veHNT per HNT at the minimum lockup duration of 6 months, all the way to 100x veHNT per HNT at 48 months. However, when a locked HNT position enters cooldown, the associated veHNT follows a different curve and instead declines linearly to zero over the entire period. These asymmetric lockup and cooldown functions have unintuitive consequences. Therefore, this HIP proposes simplifying the lockup curve, eliminating a minimum lockup period, and allowing veHNT to be transferable. **1. Simplify lockup**