Hello! The DIP15 has met the execution conditions and has been developed. Defibox will launch the features involved in the proposal at 09:00 (UTC) on October 23, 2020 officially. The specific information is as follows:
- All funds in the USN interest account and liquidation penalty account are transferred to the USN revenue collection account (collect.defi) every hour, and the obtained interest and liquidation penalty will be transferred to USN revenue collection account at the first transfer;
- 1/500 of the funds in the collect.defi account are used to buy back BOX every hour, and transferred to the BOX staking reward account (divd.defi); it will be distributed to the BOX staking users together with the Swap fee revenue;
- 1/500 per hour of the funds in the collect.defi account is used for staking reward, which can distribute USN obtained revenue more smoothly; it is more fair and more sustainable;
- Users who stake BOX can claim the BOX reward bought back by USN interest and liquidation penalty for the first time at 10:00 (UTC) on October 23, 2020;
Thank you for your support and attention to Defibox!
October 23, 2020