A few months ago, someone requested a change to the conviction period.
I think this is not a good idea.
The Polkadot locking period seems more suitable for GLMR, while the one we are currently using is good for MOVR.
I propose reverting to the previous parameters for GLMR as Polkadot, and maintaining the current ones for MOVR.
hey Lord, I raised the same points a while ago, and they were reported internally. I believe that the lock period for Moonbeam should be increased, while it should remain as it is on Moonriver. A longer lock period likely helps the community counteract the influence of whales. If someone wants to vote with a significant amount with high conviction, then locking for an extended period shouldn’t deter them. given the current situation, it doesn’t seem to hinder them
you can definitely do that, but I think we need to take a little time to discuss this, allowing many to voice their opinions. It would be beneficial to get insights from other community members. we should also consider what lock period might be ideal for our chain. this is a crucial moment in our fight against whales. If a whale is willing to lock tokens for an extended period, then they shouldn’t be criticized simply for owning a large amount of tokens
I would recommend that people check out Polkadot RFC #20 when it comes to conviction voting lockup durations.
If you change your current 6x conviction level from 32 days to hundreds of days you will cause issues for users who were not aware of this being an error.
You instead could take an approach similar to what Gav suggested in the RFC – there may be other ways around it but i would assume that people wouldn’t want hundreds of days suddenly added to their locks.