Discord7 months ago

Mobile Delegator Over-Emissions Resolved

Summary
  • 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/

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