Darkside Finance DARK APR Reset October 13

Hey guys! We have reached a decision regarding DARK token emission at the end of the first CZDIAMOND half life era!

On October 13, 2021 at approximately 1400 GMT, CZDIAMOND emission will change to half its current value. This is an unchangeable aspect of the Darkside Finance code. However, we have much greater control over what happens to DARK emission.

We previously wrote that we would start with the emission rate from the end of the first half life era (0.3322 DARK/block) and set a new goal emission value that would gradually change DARK’s emission over 4 weeks. This would keep the emission rate relatively close to our old value for the beginning period of the second half life era.

But there is a problem with that prior plan: we received feedback from users that they would like a higher emission rate of DARK, which would provide more appeal for native staking and more ease of recovering deposit fees. Therefore, we have decided to increase the emission rate of DARK more rapidly. The DARK emission rate will increase linearly according to the following gradient:

October 13, 2021, 1400 GMT: DARK emission = 0.3322/block

October 13, 2021, 1600 GMT: DARK emission = 1.661/block

Thus, the emission rate of DARK will be multiplied by 5 over the course of 2 hours. We hope that this APR reset makes both native and non-native staking more appealing in light of the CZDIAMOND halving. Please assess the effects that this APR reset may have and make decisions accordingly!

For more information, check out our DARK Docs page!

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10mb.Finance: An algorithmic stablecoin on Cronos Network pegged to 0.1 USDC by both Seigniorage and Fractional Collateralization

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