Thursday, May 19, 2022

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Mainnet Update 5/5/2022: Changes to SIB calculation and EAI bonus rates

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  4. Mainnet Update 5/5/2022: Changes to SIB calculation and EAI bonus rates

Upon the passing of the 3/30/2022 BPC Referendum, Oneiro began work on the technical updates specified in ndau New Policy Proposal #03.

As of 5/5/2022, ndau mainnet and testnet have been updated with the following changes:

  1. The value of GAMMA in the new SIB equation Applied SIB = Base SIB * (1 + (GAMMA * Base SIB)) is currently 10.
  2. EAI Locking Bonus rates for ndau locked one year or longer are now
    • 1y lock bonus: 5% (total EAI rate = 15%)
    • 2y lock bonus: 10% (total EAI rate = 20%)
    • 3y lock bonus: 15% (total EAI rate = 25%)

The new EAI Locking Bonus rates apply whenever a new lock is applied to an account. And all accounts locked before 5/5/2022 are earning the new rates as of 5/5/2022.

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