Skip to content

Normalize IDO#88

Merged
Joeysantoro merged 1 commit intomasterfrom
Pre-Release-IDO-Normalize
Mar 12, 2021
Merged

Normalize IDO#88
Joeysantoro merged 1 commit intomasterfrom
Pre-Release-IDO-Normalize

Conversation

@Joeysantoro
Copy link
Contributor

There is an issue with genesis where there is a free arb for participating and pre-committing 100% with the intention of backrunning the group by selling TRIBE at the inflated price.

This PR solves that issue by burning the FEI sent to the pool which normalizes the price to the average of what everyone paid.

This has a second benefit of adding a buffer to the PCV due to the FEI being removed from circulation.

@Joeysantoro Joeysantoro merged commit 602915f into master Mar 12, 2021
@xklob xklob deleted the Pre-Release-IDO-Normalize branch September 19, 2021 18:54
Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment

Labels

None yet

Projects

None yet

Development

Successfully merging this pull request may close these issues.

1 participant

Comments