Due to Harmony blocks averaging more than 2 seconds the original proposed & accepted emission schedule has been significantly delayed.
As a result of this LP:s/stakers have been receiving fewer rewards than originally anticipated when the schedule was proposed & accepted.
Snake month was supposed to end with a total supply of 317,722,240 VIPER - but due to Harmony blocks massively slowing down the month will end with a supply of 283 - 285 million VIPER.
To correct the schedule, 128x rewards will be extended with a full extra week. Based on our measurements we’ve seen that Harmony shard 0 blocks have been averaging a block speed of roughly 2.7 seconds.
At an average block speed of 2.7s this will result in the total supply reaching ~315-317 million VIPER roughly around July 26th instead of affecting the emission schedule to a greater extent.
If Harmony blocks would suddenly go back to 2 seconds and remain at 2 seconds we reserve the right to perform further alterations to the schedule to match the proposed & accepted schedule.
TLDR; Snake Month 128x emissions will be extended for a full extra week!