Upgrade Sparks Excitement | New Smart Contract for r/EthTrader Memberships
Edited By
Ethan Walker
In a move poised to streamline transaction processes, developer u/mattg1981 has successfully implemented an automated pricing system for r/EthTrader Special Memberships. This upgrade, which occurred on April 12, 2025, optimizes pricing by directly sourcing ETH values from Chainlink and the DONUT/ETH ratio from Arbitrum One, mitigating previous manual update challenges that led to inconsistencies during price fluctuations.
Context: Breaking Down the Upgrade
The manual pricing system not only birthed inconsistencies but also often left subscribers shaken by unpredictable costs tied to DONUT market conditions. Users expressed frustration over unfair pricing, particularly during volatile market swings. The newly automated system signals a significant departure from traditional methods, aiming to ensure a consistent and fair pricing structure.
"This upgrade is a big win for fairness!" one enthusiastic member exclaimed, showcasing the community's appreciation.
The initiative comes as part of the broader goal of the Donut Initiative, set to incentivize contributions from developers within the Donut DAO ecosystem. This specific grant, totaling 125,000 DONUT and 125,000 CONTRIB tokens, is backed by the treasury's holdings, illustrating the DAO’s commitment to rewarding tireless contributors.
Community Sentiment and Responses
Feedback from the community appears overwhelmingly positive, with a majority praising the development as a necessary evolution of the platform. Users have chimed in with remarks that he (mattg) really deserves the recognition. However, there's a mix of relief and a bit of community pressure, as many hope for even more engagement from the development team moving forward.
Notably, some voices urge the team to enhance communication, making the experience more engaging for users who feel somewhat isolated. The notion circulated that community-driven initiatives like this could serve as a model for future projects, emphasizing collaboration and transparency.
Key Insights from the Discussion
🌟 Fair pricing is crucial: The move to an automated system is seen as a step forward in maintaining subscription equity.
✉️ Community engagement matters: Users are calling for increased interaction from the team to create a more vibrant experience.
🚀 Reward system works: There's a general sense that the Donut DAO’s incentive structure validates contributors' efforts, strengthening community ties.
The upgrade of the r/EthTrader Special Memberships' smart contract is much more than a technical tweak; it's a foundational shift that could redefine user experiences and expectations within the community. As users eagerly await further developments, it’s clear that the team’s focus on automation and fairness has struck a chord, leaving many hopeful for what’s next.
For additional insights and discussions, check out the Donut Initiative Guidelines and learn how to engage further in community initiatives.