Mobile Delegator Over-Emissions Resolved
- The Solana oracle issue caused an over-emission of 274 million MOBILE tokens to delegators.
- To rectify the underfunded rewards escrow, emissions were temporarily increased for the following epoch.
- The increase in emissions introduced an additional 274 million MOBILE tokens into circulation.
@Community
MOBILE Delegator Over-Emissions: Resolved
On December 12, 2023, the developers identified an issue with the Solana oracle that led to the over-emission of approximately 274 million MOBILE tokens to delegators, resulting in an underfunded rewards escrow.
The following resolution has been implemented:
-
Emissions for the epoch starting on December 27, 2023, were temporarily increased to address the shortfall in the escrow.
-
This action introduced an additional 274 million MOBILE tokens into circulation. However, it will not impact the maximum supply of MOBILE. The total emission deviation is about 0.12%.
For more information and a more detailed post-mortem, read the dev blog: https://docs.helium.com/devblog/2023/12/13/mobile-delegator-over-emissions-post-mortem/
Source: Discord - Helium →
📣 Related news
Loading news...
