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RE: Witness Update @blue-witness - Development Stake Conversion Rate

in #witness6 years ago

The rate of conversion I assumed would be fixed. The DHF has no keys so the risk on the account is very low. The risk is how much funding can be extracted on a daily basis. This is where a variable daily limit (currently fixed at 1% of total DHF) would come in handy.

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Ok, I missed that distinction. My focus was on the conversion into the DHF only. I will clarify that.

I think anything 5 years or longer is a safe bet. We can adjust the daily withdrawal limit to protect against allowing funds to be drained too quickly. Making this a witness parameter would allow us to adapt as things change in the future based on current proposals.