Good evening @everyone 👋
In February, the proposal for implementing a scheduled burn of XE passed with 32 votes and 100% support. In it, we proposed to burn 75% of revenue, and this week we conducted the first of these scheduled burns: Revenue Burn February 2023 saw 277,305.152629 XE sent to the zero address, burning it immediately. That’s 0.5% of the current supply! 🔥
You can see the transaction here:
https://xe.network/transaction/7a497f1e8daac8f0c1a383fa703546180965d0fd706a61dc413e3e59b471e61b
You can see the proposal here:
Other active proposals on the governance portal include:
The 2023 roadmap prioritisation proposal, which currently has 35 votes with 97.1% in favour, found here:
And of course, our very own community proposal for the implementation of an automatic lottery for active hosts, which has 33 votes and sits at 100% in favour, found here:
If you haven’t had a chance to read or vote upon these yet, please do.
Now, some news from an operations perspective. On Saturday, we identified an issue with the XE blockchain. During routine operations, some of the nodes attempted to resynchronise with one another, but encountered issues replaying blocks. During development of the governance stakes, a simple check was put in place to ensure governance stakes could be created. When replaying the chain with previous stakes, this code was triggered on historical data, and stopped the nodes from being able to resynchronise.
Updates
Last Updated:
March 2023