Comment on page
DIP-4 & 5: Amendment 1
This proposal alters the terminology used in DIP-4 and DIP-5 to replace the term "staking" with "bonding".
Many are confused by the term "staking" as used in DIP-4 and DIP-5. "Staking" in the context of blockchain projects usually refers to an activity whereby users lock up tokens for the purposes of earning a yield.
In DIP-4 and DIP-5, "staking" refers to hardware manufacturers, node operators, and client publishers putting up tokens as a security deposit as a condition of receiving a license. There is no yield for staking.
This amendment proposes using the term "bonding" instead.
If passed, this proposal would replace every instance of "stake" with "bond", "staking" with "bonding", "staked" with "bonded", and "staker" with "licensee" in DIP-4 and DIP-5.
If passed, DIP-4 and DIP-5 would be updated as specified above after the four day timelock concludes.
Please cite this document as:
The contract addresses for $DIMO are 0x5fab9761d60419c9eeebe3915a8fa1ed7e8d2e1b on Ethereum and 0xE261D618a959aFfFd53168Cd07D12E37B26761db on Polygon. Please always confirm that you are interacting with these contract addresses and not those of a fraudulent imitator. This proposal may not be enacted if it violates Cayman Islands law. Please triple check that any communications are authentic as it’s common for scammers to try to trick you into sending them crypto or into revealing your private keys.