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BasisDollarBasisDollarby0xF8E802f5adE72D09a601cebD027d00779f5f8C2B0xF8E8…8C2B

BDIP14 (Formal Vote): Increase debt ratio to 700%

Voting ended about 5 years agoSucceeded

In an earlier proposal, we had passed a maximum debt ratio of 70% https://gov.basisdollar.fi/#/basisdollar.eth/proposal/QmVteiki6KzC76oTstMm8f7RxeXNLNwYtHFxag89JnCmoD

We have currently almost exhausted our supply of bonds. Given that bonds are roughly priced at 1/3 BSD at present, we will need a significant increase in the debt ratio to soak up BSD from the circulating supply.

This proposal increases our debt ratio by 10-fold, to 700% to ensure that the system makes a significant amount of bonds available without the need for lagged waiting period between passing proposals. There is a possibility we may not even need the full amount of additional bonds.

Proposal: Raise max debt ratio to 700%.

Advantage: Increasing the supply of bonds allows more BSD to be soaked up from the system.

Disadvantage: During expansion, there will be an increase in the amount of BSD issued when the increased amount of bonds are redeemed.

Off-Chain Vote

YES: Increase to 700%.
1.17K 92.7%
NO: Keep parameters as-is,
92.06 7.3%
Download mobile app to vote

Timeline

Jan 17, 2021Proposal created
Jan 17, 2021Proposal vote started
Jan 20, 2021Proposal vote ended
Oct 26, 2023Proposal updated