Contract testing

We have been thoroughly testing DigixDAO contracts in the recent weeks. It has come to the final test cases and we are aiming to be audit-ready by the end of September.

Claiming of DGX rewards

In this section, we will be describing how participants in DigixDAO governance could claim their DGX rewards.

After participating in any quarter N, a DigixDAO participant would earn some “claimable DGX balance” that could be claimed from quarter N+1 onwards. How this DGX rewards is calculated has been covered here in one of the previous update.

More specifically, there would be a day called “DGX distribution day” at the beginning of quarter N+1 (and any other quarter), when the “claimable DGX balance” for quarter N could be claimed.

If the DigixDAO participant claims his “claimable DGX balance” X days after the “DGX distribution day”, he would receive the “claimable DGX balance” minus the demurrage fees for that DGX balance over X days.

If a DigixDAO participant continues participating for several quarters, but do not claim his claimable DGX yet, the “claimable DGX balance” would simply accumulate over time. When the DigixDAO participant finally claims this balance, he would receive the balance minus the proper demurrage calculated over the period that he has not claimed it.

As a result, it makes no difference to the DigixDAO participant whether he/she claims the “claimable DGX balance” right away, or just leaves it in the DAO contracts and only claims after a few quarters. The demurrage fees incurred would always be the same in both cases.

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