Implement AIP-01 New PCV-centered tokenomic structure Summary

We propose AladdinDAO should switch from its existing fixed-emission ALD vault incentive model to a new model which mints ALD only against real assets bonded to the treasury, then use those treasury assets to create a diversified portfolio of Boule Council-selected projects. Simultaneously we propose to implement a staking/rebase system to support token price and distribute new tokens to long-term supporters and believers in the project.

Motivation

The new tokenomic structure proposed will change the ALD token into an easy, low-gas, low-complexity on-ramp for users to be able to enjoy returns based on the Boule Council’s protocol selections. Concurrently the staking/rebasing approach to profit sharing is a proven way to generate buzz with high APYs and sustain token demand in support of bonding. Token holders and true believers, but especially earlier ones and strong hands who hold long-term, are rewarded for participating.

Further details of the proposal and discussion are here: https://forum.aladdin.club/t/aip-01-tokenomics-overhaul/268

Snapshot voting on the above proposal will be open to all ALD token holders, including holders of ALD LP positions and unclaimed ALD from LP, farming positions, or contributor allotments.

Next Steps

The new proposal will be implemented if it has more than 50% support at the end of the voting period. The Aladdin team will build the necessary contracts and they will be audited before they go live.