SIP - 00XY: Vote of No Confidence and Leadership Transition

DEX on BOB has a very different engine. It was not replication of Sovryn DEX on RSK. I would rather say that It was an attempt to build something more efficient.

That would be interesting to see. Do you have a link to the new contracts or repository?

I see they switched to contracts written by SmarDex? I appreciate there was a push to use different amm contracts, but that’s not really what I’m talking about when trying to share with people that there is a statement being made there is significant operational development overhead and thus a need to highjack 100% of the revenue from stakers. Yet there has been almost no actual smart contract development on the repositories that return stakers revenue in more than 2 years.

It’s not reasonable to explain the need for half a million or whatever the overhead might be to simply copy contract code from another project and deploy them. Just like copying already existing code from Sovryn’s repository and deploying it on another chain doesn’t justify that level of expense. Deploying contracts is something that takes 1-2 days at most. For instance for me to clone the sovryn repository, revert the code changes and deploy the FeeSharingCollector and Proxy took less than an hour - that’s dealing with a repository I’ve never touched before. I’m trying my best to highlight years of mismanagement of wasted resources for community members to discuss.

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What happens when a single address controls over 50% of the Bitocracy’s voting power, collects most of the Sovryn fees, and then, almost magically, “leadership” decides to cancel the very fee sharing that gave people a reason to stake SOV in the first place?

It’s a rhetorical question.

Nothing happens. Of course nothing happens. Why would it? After all, decentralization works best when one address calls the shots and the incentives disappear overnight.

Perfectly normal.

Very disappointing.

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