Polkadot Accelerates DOT Token Unlock Period to 2 Days

Bittime - Polkadot approved a proposal aimed at speeding up the process of unlocking DOT tokens. Through the RFC 97 proposal, Polkadot will cut the unlock period from 28 days to 2-28 days.  

Proposal RFC 97 

The RFC 97 proposal is a response to the Polkadot community wanting more flexibility in the management of staked tokens. During this time, the DOT token lockup period was 28 days, which some users considered too long.  

This proposal has been approved by the Polkadot Fellowship after going through a review and discussion process. Once approved, the code or design of this proposal has been integrated into Polkadot's main codebase. The next step is to find a developer who can implement this project effectively.

Read Also: Ether.fi Updates ETHFI Token Unlock Period for the Second Quarter

New Mechanism for DOT Token Lock Period

The new mechanism proposed in this proposal will change the DOT token locking period to be more flexible, namely between 2-28 days. The specific duration of this lock will be adjusted dynamically based on the size of the unlock request queue. 

If the unlock request queue is relatively quiet, the unlock process can be completed in as little as 2 days. Conversely, if unlock requests (as measured by the number of tokens staked) exceed a certain threshold, the lock period will be extended to 28 days.

Impact of the New DOT Token Lock Period 

By shortening the DOT token lock period, Polkadot users are expected to enjoy flexibility in managing assets. This can be a huge advantage for stakers, especially in dynamic market situations that require quick responses. 

Apart from that, accelerating the unlock process can also increase the liquidity of DOT tokens in the market, which can have a positive impact on prices and trading volume.

Read Also: Lista DAO Announces LISTA Token Unlock Schedule 

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