[BIP-17] – Boardroom/Bondroom Lockers

[BIP-17] – Boardroom/Bondroom Lockers

Authors: Wayne, qa1q

The protocol currently has 59M Basis Bonds outstanding, and it is clear that the large debt overhang makes our task of returning BAC to peg more challenging. BAB supply has remained steady despite offering a 50x potential return upon redemption, showing that even diehard speculators are currently staying away due to a lack of confidence in the system.

Further, holders who have stayed with the project have no way to monetize their loyalty by locking their tokens for bonus rewards. Put simply, there is no incentive to commit.

The following solution is proposed:

Boardroom/Bondroom Lockers

Both BAB Bondroom and BAS Boardroom may benefit from the addition of a locker. Locking can reward loyal holders, reduce selling pressure and build up confidence for new investors.

BAS/BAB Locker Reward Boosts

No Lock: 1x 1 week: 1.1x 1 month: 1.3x 3 months: 1.7x 6 months: 2.5x 1 year: 3x 4 years: 8x

Rewards for locked stakers will be claimable at any time. If there is no follow-up lock, the user will revert to 1X.