First Lock Period Review
Last week was big for vDice. It was the 1st week that the entire Smart Contact system was really tested. The below is a lock period review for this first time.
The vDice platform and vSlice (VSL) token work via interacting Ethereum Smart Contracts.
There are the Game Smart Contracts. You can see the addresses at the vDice site. These feed profits through to a single Smart Contract, called the ProfitContainer.
The address for the ProfitContainer Smart Contract is here: 0x51FFC1b089392a5bb65BF24EAf04d07D0e6F88B5#internaltx
All future games will also feed profits through to the same ProfitContainer.
The ProfitContainer Smart Contract proved itself. Holders of VSL were able to withdraw their profits successfully.
There was a small hiccup. The UI notification for the ProfitContainer was slightly out of sync with the actual Smart Contract. So users were notified that the lock period was active, slightly before withdrawals were actually possible.
This has been rectified. Though there are 5 days in which to withdraw profits. So it was not a major issue.
A couple of important things to remember:
- Profits do not rollover to the next epoch. They do not accumulate. They are available for you to withdraw in a certain epoch. Then it’s over, until the next epoch lock period.
- You can only withdraw profits 1x per epoch.
- Check the epoch period here.
We received a lot of feedback and requests about the ProfitContainer and the system. We listened diligently to what our users were saying.
As a result we are building a ProfitContainer calculator. This will allow users to calculate their profits in advance, prior to withdrawal, based on how many VSL they hold.
Overall the system performed well and certainly as expected.
We look forward to releasing more user friendly tools. This will ensure it is a simple to interact with the overall system as possible, for a non-technical user base.