I’ll be voting no on this proposal.
The only change was a reduction from 12 to 8 weeks, and includes a blatant lie.
(Edit: every time I refresh the page the timeframe changes. The only thing the new proposal does is allow for negotiation on time frame of rewards. This was never the issue. The size of the rewards and lack of clear plan moving forward are the issue.
None of these new proposals are accompanied by any sort of plan to make LM sustainable moving forward and for this reason, I will be voting against.)
We have already had proposals with their rewards reduced pass voting and be implemented. This language is different than the stable coin proposal which says they outright cannot be changed. Inconsistent messaging on every post - a blatant lie is sniffed out.
There was no good faith effort made to create a sustainable LM plan moving forward. I cannot reasonably see minting this much $BNT as a wise decision.
The rules of voting are known to all. The proposals were left for the agreed upon time frames and the voting was not compromised in any fashion.
Serious implications here. Nothing abnormal occurring in the voting process. Votes are on chain and open to all. People are free to stake and participate whenever they want. 90% of the entire vBNT did not participate in the last vote. Voters simply do not care. We cannot “run it back turbo” any time people are upset with the results of a vote.
These proposals are attempting to seed doubt in previous votes that the DAO has cast and were totally legitimate. What we are seeing here is the Bancor team, and or the writer of this proposal attempting to rewrite history and change the rules of the DAO in real time.