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Title: Fail from the Optimism development team Post by: zasad@ on October 12, 2022, 01:52:45 PM https://twitter.com/OptimismGov/status/1579515114071302145
"When we first launched the OP token, we announced that the total supply would inflate at a rate of 2% per year. However, when we deployed the contract, the rate was mistakenly set to 20%. Later today, we’ll be updating the contract logic to the intended 2%." https://twitter.com/OptimismGov/status/1579515115631968260 "There was, and will be, zero impact to the planned token supply as a result of this fix. Inflation of OP does not begin until next year. No new tokens have been minted or moved, and no tokens were ever at risk." :) Title: Re: Fail from the Optimism development team Post by: Cee2 on October 16, 2022, 02:05:48 PM quite a big screw up.
In business unfortunately spotting the screw up before it happens isn't always a good thing. People will ask the question why did this screw up even happen and this is a challenge to the competency of the whole organisation. Title: Re: Fail from the Optimism development team Post by: Yatsan on October 16, 2022, 03:04:58 PM Good thing if the team managed to cope with the mistake. It simply shows how professional they are with their project. But I hope this won't mess their project in general 'coz for sure there will be impressions especially to those who are really meticulous with their prospects.
But I'm a bit curious of how will OP team be able to control the inflation rate and using it as an advantage, annually. I mean, adding token supply could put the value at risk right? (correct me if I'm wrong). I do get the point that low inflation rate could stimulate a balance and healthy economy for a token but I guess it would be better if they will be focusing more on the aspect of attracting investors to theur project first. |