This proposal is intended to begin reserving 1 BANANA per Binance Smart Chain block to be utilized for ApeSwap’s upcoming Bonding offering. Specifically, the motive behind this is to acquire more Protocol Owned Liquidity to be used in perpetuity on ApeSwap.

The BANANA accumulated via this governance proposal will not be used immediately. Instead, ApeSwap will accumulate it in a Bonding Treasury to maintain sufficient funds to release the bonding product. This release is expected in Q1 2022.

When the offering is available, the BANANA will be used to sell bonds via an Olympus Pro-style bonding curve. The initial bonding types will be as follows:

• BANANA-BNB LP Tokens
• Bluechip LP Tokens (BTC, ETH, etc.)
• Stablecoin LP Tokens

All funds acquired through this process will be stored in the ApeSwap Treasury in perpetuity, only to be used on ApeSwap’s AMM and/or Lending networks to generate more sustainable tokenomics.

Option 1: Reserve 1 BANANA per Block

Proceed with the proposal as outlined above, reserving 1 BANANA per Binance Smart Chain block to be used for ApeBonds.

Option 2: Do not Reserve 1 BANANA per Block

Do not proceed with the proposal as outlined above.

Notes

• With the creation of this service offering, ApeSwap will likely offer a comparable product to partners. BANANA will never be used to purchase partner tokens, but the same Olympus Pro-style functionality may be offered to help partners acquire protocol owned liquidity for themselves & ApeSwap’s AMM.
• This proposal is intended to be a first step away from the liquidity rental model that rewards mercenary miners, and migrates ApeSwap to focus more on Protocol Owned Liquidity.