SCCP-16: Increase Fee Reclamation Waiting Period to 1 hour

Author
StatusImplemented
TypeGovernance
ImplementorTBD
ReleaseTBD
Discussions-Tohttps://discordapp.com/invite/AEdUHzt
Created2020-03-12

Simple Summary

NOTICE This change has been reverted. NOTICE

Temporarily increase fee reclamation waiting period to an hour.

Abstract

Increase fee reclamation waiting period to an hour to accommodate extreme network congestion.

Motivation

Network congestion is currently incredibly high - fast GWEI is around 200. Increasing the waiting period will allow us to reduce the update frequency of the oracle and guarantee exchanges can still get through even with such high congestion.

Copyright and related rights waived via CC0.