0x7000a09c…8105sent to0x00000000…dead·#18,189,510·view on Etherscan
gm or gn,
One core tenet of X7 Finance is that the ecosystem owned assets should be considered "owned" by the DAO. As such, fundamental changes to these assets (such as liquidity removal, X7D redemption and withdrawal, or any other usage of these assets) must be ratified by the DAO holders. The X7 Token TimeLock is designed to support such a use case where the DAO would set a "tokenOwner" well in advance of the asset unlock time to ensure it is a trusted, tested, desirable use for the asset. Ideally the period between ownership assignment and unlock would also be sufficiently long enough to allow X7 token investors to assess their investment and plan accordingly.
The locks that were extended today will allow more time to actually present options and decide on a plan for these assets - well in advance of the unlock time.
An unlock date of January 15th was chosen as sufficiently far enough in the future that there should be no "unlock" risk in the minds of investors while being sufficiently close that we can have reasonable flexibility if we choose to take an action such as migrating liquidity to Xchange or apportioning the ecosystem X7D in some different manner.
For anyone wondering if these locks would be allowed to expire, we hope that your mind has been put at ease.
Trust no one. Trust Code.