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Gate.io Is Calling YAM Holders to Vote for YAM Bug-Fix Proposal
Gate.io Is Calling YAM Holders to Vote for YAM Bug-Fix Proposal
2020-08-13 03:57:18 UTC
60025 Okundu
Gate.io Is Calling YAM Holders to Vote for YAM Bug-Fix Proposal
According to Yam Finance's official statement (learn more details via https://medium.com/@yamfinance/save-yam-245598d81cec), a bug was found in the rebasing function that mints too much YAM to the reserves. Yam Finance is now calling YAM holders to vote for a bug-fix proposal. The proposal has to be passed before 7:00 AM GMT, August 13th to 8:00 AM GMT, August 13th, or it will be impossible for any proposals to reach consensus as so many YAM will be held in the reserve after the second rebase.
Currently, there is only three hours left for the vote, and the votes are not sufficient enough for the approval of the proposal. Yam Finance is asking Gate.io for help, and we are now calling on YAM holders to vote for this bug-fix proposal via https://yam.finance/.
Gate.io users who don't intend to participate in this vote should submit a ticket to inform us via Help Center (https://www.gate.io/help) by 06:00 AM GMT August 13th, 2020. After receiving the request, we will exclude you from the vote. Once the users participate in the vote, the YAM will be locked for three days, during which users are not able to withdraw the assets (not affecting the trade). According to YAM’s official Twitter, they will consider rewarding the voters afterwards. Gate.io will also follow the rewards and compensation scheme, but users who forego the vote will be ruled out of the scheme.
Attached announcement: https://www.gate.io/help/annlist/lastest/17720
Gate.io is a trading platform that does not charge listing fees, only launches quality projects, and provides users with 100% guaranteed and instant deposit-withdrawal services.
Get 30% of all referees' trading fees in the affiliate program at https://www.gate.io/myaccount/myreferrals
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Scan and download at:
Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
Download Gate.io APP:https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE):https://www.wallet.io/
Follow us and get updated at (Follow as to win bonus)
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Gate.io
August 13, 2020
According to Yam Finance's official statement (learn more details via https://medium.com/@yamfinance/save-yam-245598d81cec), a bug was found in the rebasing function that mints too much YAM to the reserves. Yam Finance is now calling YAM holders to vote for a bug-fix proposal. The proposal has to be passed before 7:00 AM GMT, August 13th to 8:00 AM GMT, August 13th, or it will be impossible for any proposals to reach consensus as so many YAM will be held in the reserve after the second rebase.
Currently, there is only three hours left for the vote, and the votes are not sufficient enough for the approval of the proposal. Yam Finance is asking Gate.io for help, and we are now calling on YAM holders to vote for this bug-fix proposal via https://yam.finance/.
Gate.io users who don't intend to participate in this vote should submit a ticket to inform us via Help Center (https://www.gate.io/help) by 06:00 AM GMT August 13th, 2020. After receiving the request, we will exclude you from the vote. Once the users participate in the vote, the YAM will be locked for three days, during which users are not able to withdraw the assets (not affecting the trade). According to YAM’s official Twitter, they will consider rewarding the voters afterwards. Gate.io will also follow the rewards and compensation scheme, but users who forego the vote will be ruled out of the scheme.
Attached announcement: https://www.gate.io/help/annlist/lastest/17720
Gate.io is a trading platform that does not charge listing fees, only launches quality projects, and provides users with 100% guaranteed and instant deposit-withdrawal services.
Get 30% of all referees' trading fees in the affiliate program at https://www.gate.io/myaccount/myreferrals
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Scan and download at:
Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
Download Gate.io APP:https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE):https://www.wallet.io/
Follow us and get updated at (Follow as to win bonus)
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Gate.io
August 13, 2020
