WFC: DarkHole Pallet - General purpose burn mechanism

Hi @olanod , thanks for the proposal. Just one question, aren't the smart contract developers going to be able to develop burn mechanisms themselves on their own contracts? What advantage does having a dedicated pallet for it provide other than a convenience mechanism?

PolkaWorld votes AYE

Whether or not it ends up being used, we believe this Dark Hole pallet should be deployed first. Technically, it’s simple to implement and allows for token burning without relying on complex governance processes.

While we don’t fully agree with that the Coretime mechanism has “failed” — Coretime hasn’t failed; rather, its mechanism is still under discussion. New cores haven’t been released yet, and existing ones have been allocated to Kusama rollups. Once the mechanism is finalized and the market enters a supply-demand dynamic, the value of Coretime will eventually be reflected.

You can view our full feedback here.

Dear Proposer,

Thank you for your proposal. Our first vote on this proposal is AYE.

The Wish For Change track requires 60% quorum according to our voting policy v0.2, and any referendum in which the majority of members vote abstain receives an abstain vote. This proposal has received six aye and two nay votes from ten available members. Below is a summary of our members' comments:

Some members expressed skepticism about the necessity of the proposal, while others found the idea appealing and supportive. Several voters commented positively, highlighting the potential benefits of implementing a burning pallet, with enthusiasm for the concept of burning tokens. A few voters emphasized the importance of simplicity in the proposal, indicating that they would support it if it remained straightforward. Overall, the responses showcased a blend of caution and excitement regarding the initiative.

The full discussion can be found in our internal voting.

Please feel free to contact us through the links below for further discussion.

Kind regards,
Permanence DAO
Decentralized Voices Cohort IV Delegate

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