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ORE will be upgraded: epoch time extended to 2 minutes, optimizing reward rate adjustment.

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#DeFi
$SOL
TechFlow
564Words
Aug 13, 2024

Deep Tide TechFlow News, Solana ecosystem mining project ORE developer Hardhat Chad announced an important protocol upgrade. One week after the mainnet launch of ORE, the first contract adjustment will be made. The Epoch time will be increased from 1 minute to 2 minutes to reduce the fluctuation of the reward rate. In ORE, 'epoch' refers to the time interval between reward rate adjustments. Extending the epoch time will provide more data points for statistical calculations in the contract, helping to stabilize the reward rate. Miners' mining experience remains unchanged, still earning ORE per minute, but the frequency of reset commands is halved. If necessary, the epoch time may be further extended to 5 minutes or 10 minutes in the future. These changes are part of the ORE 'strengthening' process, aimed at optimizing the code and preparing for the final freeze. The ORE contract remains completely open-source, and the code for this update has been publicly available on GitHub. Chad emphasized that the team will closely monitor the effects of this adjustment and further optimize as needed.

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