GSR Market Making Proposal (Tranche 1)

GSR is seeking BarnBridge community approval of the following market-making proposal for the $BOND token:

• Authorize GSR as a market maker for the BOND token.
• Transfer 300,000 BOND tokens from the treasury for market-making purposes as a loan to GSR.
• Subject to the terms of the Agreement, GSR will agree to maintain inventory and liquidity in BOND tokens across major exchanges to provide liquidity to BOND.
• After the market making engagement GSR will either return the full token loan amount or the USD amount determined on the basis of (i) the USD price of BOND or or around the date of the market-making agreement (the “Agreement”) plus (ii) a premium. The token loan will be executed in three tranches of 100,000 BOND tokens over 6 months.

This would be one of three votes to confirm and initiate the agreement. Funds will be sent to F1A7 AG in order to engage with GSR.