[BIP-42] Annual Agenda 2024

At the end of each year, the BAO maintainers need to be elected and set forward a plan that must be approved for them to continue forward as maintainers.

This proposal lays out a new one-year plan, and a series of significant changes that the current Maintainer galaxy and council of guardians thinks are needed for the protocol to move forward.

2023 has seen great progress with the development of new products, but there have been shortcomings with the traction they have gained. This proposal aims to address the core problems behind these shortcomings by streamlining and redirecting resources, focusing on revenue and creating demand for the BAO tokens with a series of changes to existing products and interesting new products that will capture TVL to help Bao flourish.

The context of this proposal (the why) During 2023 we have seen several core products launched that address problems we have in DeFi today, such as centralized stable coins and high ETH borrow rates. While these products solve problems they have failed to find a product market fit. Demand for borrowing has been low and users that deposit into liquidity pools to earn rewards typically do so with other tokens, creating an imbalance in the pool that is resolved by minting synths from the ballast.

This annual agenda aims to identify the causes and fix them or turn them into opportunities during a new 2024 roadmap as well as develop ground breaking new products that will capture the attention of DeFi enthusiasts.

It will also streamline operations with the goal of ensuring a 2 year runway that should take us into the new bull market where there will be more opportunity to become cashflow positive.

The annual agenda covers many points and topic. Please read the full BIP here : https://gov.bao.finance/t/bip-42-annual-agenda-2024/1254