Altcoins Talks - Cryptocurrency Forum
Marketplace => Gambling & Crypto Casinos => Topic started by: Tnoy30 on June 25, 2020, 06:27:34 AM
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DeFi project Balancer has hastily conducted a community vote to determine how to limit attempts to exploit the protocol’s token reward system.
Following the meteoric launch of Balancer Labs’ governance token, the decentralized finance (DeFi) protocol has quickly implemented changes to limit large players from exploiting the platform to mine BAL tokens, rather than for crypto asset trading.
With $3 million worth of tokens airdropped to users storing assets in Balancer pools, the protocol incentivized storing assets in the exchange’s pools to harvest mining rewards without necessitating significant trading activity — dubbed ‘liquidity mining.’
Read on: https://cointelegraph.com/news/balancer-votes-for-centralized-quick-fix-to-stop-users-gaming-system