Quick Update — July 26, 2022
Hi Everyone!
As announced in the AMA, we are planning to update Crystalvale Gardens allocations this week, contingent on ETH being supported by the integrated bridge through Synapse.
However, given recent news, we are looking to adjust down the currently very large SD allocation to J:ONE pool (that increased as a result of the removal of pairs that were affected by bridge incident).
New allocation for the SD J:ONE pool will be ~20% of emissions. We plan to give the community at least 12 hours to digest the public information, and this adjustment before implementing. We will keep the group updated if we run into similar issues with the Harmony multi-sig (as we did last adjustment that caused some delays).
We will be monitoring APRs and trading, if there is reason, we may consider adjusting sooner (as a crisis management solution) but will update prior to doing so.
One more note: there have been some questions on the back of the AMA as it relates to potential options for tokenomics adjustments associated with a potential migration to a different chain. We wanted to reiterate that no current plan being considered involves diluting (adding to) the overall supply of utility tokens.
- Dreamer
